CANNASIGNAL™
LIVE DATA
🔍
SIGNAL
U.S. Cannabis Market: $31.9B in retail sales across 36 statesNY +94% YoY — fastest growing market, 610 dispensaries operatingFEDERAL: Schedule III rescheduling in progress — 280E relief expected late 2026MI: First-ever sales decline, $3.17B in 2025 — 24% wholesale tax challenged in courtVA HB 642 signed — adult use retail launches Jan 1 2027, apps open July 2026CA: Excise tax locked at 15% through July 2028 per AB 564OK: Governor pushes to eliminate medical program — bipartisan opposition buildingNJ: Cannabis consumption lounges now open in Atlantic City, Newark, MerchantvilleFL: $2.5B market flat YoY — adult use implementation stalled after Nov 2024 ballotFEDERAL RISK INDEX: 37/100 (LOW) — down from 48, rescheduling momentum growingU.S. Cannabis Market: $31.9B in retail sales across 36 statesNY +94% YoY — fastest growing market, 610 dispensaries operatingFEDERAL: Schedule III rescheduling in progress — 280E relief expected late 2026MI: First-ever sales decline, $3.17B in 2025 — 24% wholesale tax challenged in courtVA HB 642 signed — adult use retail launches Jan 1 2027, apps open July 2026CA: Excise tax locked at 15% through July 2028 per AB 564OK: Governor pushes to eliminate medical program — bipartisan opposition buildingNJ: Cannabis consumption lounges now open in Atlantic City, Newark, MerchantvilleFL: $2.5B market flat YoY — adult use implementation stalled after Nov 2024 ballotFEDERAL RISK INDEX: 37/100 (LOW) — down from 48, rescheduling momentum growing

MARKET INTELLIGENCE

RETAIL SALES · GROWTH TRENDS · STATE-BY-STATE MARKET DATA · UPDATED MONTHLY

Total U.S. Sales
All reporting states 2025
+13% YoY
$31.9B
Adult Use Sales
Legal markets only
73% of total
$23.2B
Medical Sales
Medical programs only
27% of total
$8.8B
Projected 2026
Est. with NY/OH/MN ramp
+12% forecast
$38B
MARKET TREND
U.S. Cannabis Retail Sales
Annual totals 2020–2026e ($B)
$17.5B
2020
$25.0B
2021
$28.0B
2022
$29.0B
2023
$30.1B
2024
$34.0B
2025
$38.0B
2026e
Top 10 States by Sales
2025 estimates — adult use vs medical split
CA
$4.4B↓3%
MI
$3.2B↓3%
FL
$2.5B↑2%
IL
$2.0B↑3%
OK
$1.8B↓18%
NY
$1.7B↑94%
MA
$1.6B↑5%
MO
$1.5B↑9%
WA
$1.4B↓2%
CO
$1.3B↓9%
Adult Use
Medical
ALL STATES WITH SALES DATA
CURRENT ESTIMATES
StateName ProgramTotal Sales Adult UseMedicalYoYTax Rate
CACaliforniaDUAL$4.4B$4200M$200M-3%15%
MIMichiganDUAL$3.2B$3000M$170M-3%10%+24%W / 6%
FLFloridaMedicalMED$2.5B—$2500M+2%None
ILIllinoisDUAL$2.0B$1715M$285M+3%10% / 1%
OKOklahomaMedicalMED$1.8B—$1800M-18%7%
TOTAL (5 states)$13,870M$8,915M$4,955M
NYNew York$76M+210%
OHOhio$48M+15%
AZArizona$38M+22%
CTConnecticut$28M+8%
Viewing 5 of 36 states with sales data

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