In our 2022 Guide to Cannabis, we discuss the increased access and social equity in the cannabis industry, the increasing revenues, investments, and M&A, plus we follow up on the predictions we made for 2021 and make a few more for 2022.
Inside:
Increased access
- 7 more states legalized adult-use recreational marijuana and at least 3 more states are on their way
- Mexico decriminalized recreational use
- The California State Fair will host a Cannabis Competition in 2022
Revenues are way up
- 2021 total revenue from cannabis in the US is estimated to be nearly 32% more than in 2020
- Revenues in California grew nearly 12% quarter over quarter in the first six months of 2021
- And there’s still a lot of market share up for grabs: the estimated black market revenue was $8 billon just in California
Investors are pouring in
- Average investment in cannabis is up 165% from 2020: $19.9 million in 2021 up from $7.5 million in 2020.
- Average seed-stage investment for 2021 up 85% ($1.86 million) from 2020 ($1million)
- More M&A as CGL helped steer Sublime acquisition for $43 million
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