(Arkansas Business)
The size of the cannabis market in the United States was estimated at $38.5 billion in 2024, and the market is expected to grow at a compound annual growth rate of 11.51% from 2025 to 2030, according to Grand View Research, a market research and consulting company.
Cannabis is used in the pharmaceutical, cosmetic, and food and beverage industries, Grand View noted, adding, “Growing acceptance of its use for medical purposes and the rising legalization of cannabis are the key factors driving the market growth.”
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