MJBiz - August 2023 - 20

JUST THE FACTS Peek Inside the MJBiz Factbook
A Small Nation
Sales from California's
state-regulated
marijuana market
amount to the GDP
of some countries
By Andrew Long
E
ven with the recent financial
and tax woes roiling
California's marijuana industry,
there's little doubt that it remains
the world's largest cannabis market.
The state will ring up nearly
$5.9 billion in legal recreational and
medical marijuana sales in 2023,
according to estimates from the
MJBiz Factbook.
To put that in perspective,
marijuana sales in California could
support the economy of a small
island nation.
MI
$3.1B
Marijuana has taken
its place as one of
California's leading
agricultural products,
rivaling or exceeding
two key crops: grapes
and almonds.
For example, the gross domestic
product for the Caribbean island
nation of Barbados will total
$6.1 billion in 2023, according to the
International Monetary Fund (IMF).
The IMF also projects the GDP for
the South Pacific island of Fiji will
20 August 2023 | MJBizMagazine
$0.7B
NM OH
$0.4B
ME AK
E
CA
$5.9B
California's Marijuana Market Size
How the largest legal marijuana market in the world
compares in size to others.
California marijuana sales ...
California dominates state-legal
cannabis sales, according to the
2023 sales estimates from the
MJBiz Factbook.
... and other markets
How California compares to
other nations, states and
crops.
California
cannabis
(2023)
$5.9B
The 2023 MJBiz Factbook is
available now. Find it at
MJBizDaily.com/factbook
Barbados GDP
$6.1B
California grapes (2022)
$5.5B
U.S. adult-use
cannabis markets
Canadian adult-use
cannabis (2022) $3.4B
PA
$2.3B
IL
MA
CO
AZ
FL
Adult use
Medical
Note: Projections
are high end of
scale.
OK
$1.4B
MO
WA
NJ
$1.0B
OR NV
NY
h
MD
Source: MJBizDaily research
© 2023 MJBiz, a division of Emerald X, LLC
Look for New York
and other new
Eastern markets to
compete with
California in the
coming years.

http://www.MJBizDaily.com/factbook

MJBiz - August 2023

Table of Contents for the Digital Edition of MJBiz - August 2023

MJBiz - August 2023 - CT1
MJBiz - August 2023 - CT2
MJBiz - August 2023 - Cover1
MJBiz - August 2023 - Cover2
MJBiz - August 2023 - 3
MJBiz - August 2023 - 4
MJBiz - August 2023 - 5
MJBiz - August 2023 - 6
MJBiz - August 2023 - 7
MJBiz - August 2023 - 8
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MJBiz - August 2023 - 10
MJBiz - August 2023 - 11
MJBiz - August 2023 - 12
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MJBiz - August 2023 - 50
MJBiz - August 2023 - Cover3
MJBiz - August 2023 - Cover4
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