With a slew of new state markets coming online, cannabis data firm Headset has raised its projected size of the U.S. pot economy this year.
With the addition of Alabama, Connecticut and New Mexico, the firm now predicts the stateside market to hit US$30 billion in 2021, up from the US$28 billion it predicted back in April.
The firm points out a few key differences in category sales between the two countries, namely that flower and pre-rolls carve out a stronger market share in Canada, with strong but slightly less pronounced flower preference in the U.S. and more excitement there for vapes, concentrates and edibles.
In the states, Headset expects vapes and pre-rolls to gain more category share through 2021–2022, but flower to generate the most sales growth overall with several immature state markets coming online.
In Canada, the firm projects pre-rolls to cut into flower sales by an additional 2.6 per cent over the same period. In 2022, flower sales should make up 51 per cent of the market and pre-rolls 22.4 per cent.
Read more at Mugglehead. https://mugglehead.com/headset-ups-2021-us-pot-market-prediction-to-top-30b/