The legal U.S. cannabis market is projected to reach more than $20 billion by 2022, according to the "The State of Legal Marijuana Markets, Sixth Edition" (SOLMM6) released by Arcview Market Research in partnership with BDS Analytics. This growth has the potential to generate more than 467,000 full-time equivalent jobs in 2022.
And despite federal prohibition, the SOLMM6 asserted that the U.S. legal cannabis industry experienced 31% growth in 2017. Arcview forecasts that the continuing state-by-state roll-out of medical-use programs and then adult-use legalization will bring a 22% compound annual growth rate to the market over that five-year forecast period.