State Cannabis Sales Exceeding $29 Billion in 2025
Denver, CO: State-legal cannabis revenues and job growth held relatively steady in 2025, according to data compiled by Vangst Staffing and Whitney Economics.
Sales of state-licensed cannabis products totaled $29.1 billion in 2025 – down slightly from $30.1 billion in 2024. The report’s authors suggested that the revenue dip was due to falling market prices rather than because of any reduction in consumers’ demand for legal marijuana products.
“There’s simply too much harvest for the industry to accommodate,” authors wrote. “Oversupply has driven wholesale prices down.”
Despite the minor decline in annual revenue, the report’s authors estimate that revenues will quickly rebound – exceeding $43 billion in 2030.
Researchers also reported that the number of people employed full-time in the state-legal cannabis industry remains steady, with the industry employing an estimated 412,500 workers. California (57,500), Michigan (42,500), and New York (28,660) employ the largest number of full-time workers. New York and Maryland experienced the greatest job gains year-over-year.
Full text of the “US Cannabis Jobs Report 2026” is available from Vangst.
