--- title: "2023 Update: U.S. Cannabis Market Forecasts" description: The U.S. cannabis market is expected to increase 17% to nearly $32 billion in annual sales by 2023 and continue to experience strong growth with a projected CAGR of 11%. image: https://content.brightfieldgroup.com/hubfs/Header%20(3).png --- [![Brightfield Group logo](https://content.brightfieldgroup.com/hs-fs/hubfs/Theme_BrightfieldGroup_November2019/image/5dcb26208870323275d245f5_BrightfieldGroup_logo_long_WHITE-01.png?width=500&height=141&name=5dcb26208870323275d245f5_BrightfieldGroup_logo_long_WHITE-01.png "Brightfield Group logo")](https://www.brightfieldgroup.com/) # 2023 Update: U.S. Cannabis Market Forecasts ## Cannabis Insights for 2023 **What is the U.S. cannabis market worth?** In 2022, the U.S. cannabis market reached $27 billion in sales. By 2028, it is forecast to be worth $50.7 billion! This infographic looks at some of the data that brought us here today and will guide growth in the cannabis market in the future. Download our companion infographic for a visually rich snapshot of the current state of the cannabis market in conjunction with our in-depth blog post. “The consumers driving hemp-derived THC are part of a wider wellness shift, the same momentum redefining [**functional beverage trends**](https://content.brightfieldgroup.com/q4-2025-beverage-trends?hsLang=en)and where the category heads next.” ![png (5)](https://content.brightfieldgroup.com/hs-fs/hubfs/png%20(5).png?width=400&height=400&name=png%20(5).png "png (5)") [Platform](https://www.brightfieldgroup.com/overview) [Blog](https://blog.brightfieldgroup.com/?hsLang=en) [Company](https://www.brightfieldgroup.com/about-brightfield) [Resources](https://www.brightfieldgroup.com/resources) [Schedule a demo](https://www.brightfieldgroup.com/contact-us) [![Brightfield Group Logo](https://content.brightfieldgroup.com/hs-fs/hubfs/Theme_BrightfieldGroup_November2019/image/5dcb26208870323275d245f5_BrightfieldGroup_logo_long_WHITE-01.png?width=600&height=169&name=5dcb26208870323275d245f5_BrightfieldGroup_logo_long_WHITE-01.png "Brightfield Group Logo")](https://www.brightfieldgroup.com/)