The sale of licensed marijuana eclipsed coffee giant Starbucks in 2021

According to the 2022 mjbiz Factbook, the sales of licensed marijuana exceed that of coffee giant Starbucks by at least one third in North America. Although coffee can be sold in all 50 states, only 39 states and the DC SAR legalize some form of marijuana. In 2021, Starbucks' annual revenue in North America increased by 25%, compared with a 30% increase in sales in the marijuana industry last year. There are many reasons why people smoke marijuana, from helping sleep to just for entertainment. During 2021, sales of another common over-the-counter painkiller for cannabis use increased by 5%, and sales of cannabis for medical and adult use increased by about 30%. Current estimates suggest that the legal cannabis market in the United States is slightly larger than the global opioid market, which is a good sign for those worried about opioid use.


Source: mjbizdaily com/