Thanks to increased legalization and rising demand, U.S. cannabis sales hit a record high $24 billion last year and are expected to reach $70 billion by 2028. The United States is expected to see legal sales of $30 billion in 2022 as cannabis companies prioritize risk management.
A growing demand for cannabis oil for therapeutic purposes from an aging population, and increasing consumer demand for innovative recreational cannabis products, should drive the industry's growth.
