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What are industry researchers predicting for Cannabis industry growth in 2022?

 

While we wait for end of year updates for 2022, we wanted to remind about mid-year predictions from 2021.

 

Back in July of 2021, Iris Dorbian reported on Forbes.com that a top Cannabis industry researcher — Seattle-based Headset — increased its prediction for 2022 growth to reach $30 billion. The report also suggested that U.S. market growth will not be slowing down anytime in the near future.

 

Other key takeaways from the report include:

  • *Category share in the U.S. will see little change between 2020 and 2022, with certain trends balanced out by new legal markets;
  • *Flower will remain the main growth driver for the U.S. market well into 2022, when its contribution to total market sales reaches 47%;
  • *In Canada, flower share drops 6.5% between 2020 and 2022 from 57.5% to 51% while all other categories remain fairly stable;
  • *From 2021 to 2022, pre-roll growth contribution in Canada significantly increases from 23.4% to 29.2%.

 

To download a copy of the Headset report, click here.

 

To learn more about Unleash Organics’ all natural products for Cannabis growers, please visit our product pages for Unleash Root Inoculant and BioFilm Buster Pro. If you have any questions, please contact us at info@unleashorganics.com !!!

 

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