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Monday, June 10, 2019

Americans Spent as Much on Cannabis as Taco Bell Last Year

With the opening of more and more state-legal markets, cannabis sales are quickly catching up with that of more established products, brands, and services. New data compiled by Marijuana Business Daily shows that Americans spent an estimated $10.4 billion on cannabis last year—about as much as they dropped at the country’s sixth-largest fast food chain, Taco Bell.

That $10.4 billion in sales, which combines medical and adult-use markets, was nearly $2 billion more than in 2017. It was also nearly three times the $3.6 billion that Americans spent on e-cigarettes in 2018.

As the industry continues to expand—Illinois is poised to become the 11th state to legalize adult-use cannabis, and Texas just OK’d a massive expansion to its medical marijuana program—it seems only a matter of time until cannabis eclipses other sectors of the American economy. Already there are more legal cannabis-industry employees in the US than there are steelworkers.

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9 comments:

  1. You would think there would be a direct correlation between Cannabis and Taco Bell.

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    1. That was my first thought when I read the headline too, lol.

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  2. This is only the money they can keep track of mind you. Its still illegal in many places. Prohibition creates dark money. Its not rocket science.

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  3. well, works for me. I didn't any of either.

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  4. Cannabis smokers should not have cannabis legally, since they use it for recreational purposes not medical. The only legal medical marijuana / cannabis should be in liquid form and limited quantities that should be used sparingly as any prescribed medicine. This program is a joke. Why have prescription drugs? There is no difference. This smokable marijuana / cannabis is just as dangerous and harmful to your health, smoke in lungs lungs, as any prescribed medicine is to your body. This shows the stupidity of people, Congress / Politians for making it legal.

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    1. Just like lipotor is bad for your liver ?

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  5. 3:18 wow! glad to see you are the epitome of health! NOT! you forgot about your mental health!

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  6. Smoking pot lowers intelligence

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  7. 5:37 I agree with 3:18. Read what they said. They never said not to use cannabis / marijuana as a medical drug. They said it should not be smoked as a recreational drug, so-called legally. You must be a pothead with lose of comprehension, that is a mental health condition you have.

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