Whitney Economics, a global provider of cannabis and hemp business consulting, data, and economic research, released its 2022 U.S. Cannabis Supply Report. The firm has calculated the total cultivated output of cannabis in the United States in 2022 to be in excess of 48.8 million pounds. This includes both legal and illicit cannabis supply for all delivery methods, including flower, edibles, concentrates, etc.
Current legal sales of cannabis are projected to be $29.3 billion by 2022, and are forecasted to be $81.6 billion by 2030. There will be more legal supply than illicit cannabis supply in the U.S. beginning in 2026. The data in this report can assist investors, operators, regulators and other stakeholders in the U.S. cannabis industry in determining which markets are oversaturated by supply, a market condition that reduces margins and introduces risks to investors and operators.