Investor Presentation
U.S. Cannabis Market Outlook
With over 50% of the U.S. population
now living in states that have
legalized, the total U.S. cannabis user
population is projected to continue
growing to 122 million users by 2028.
The U.S. cannabis market is expected.
to grow at compounded annual
growth rate (CAGR) of 15% between
2023 and 2028 to total $67 billion by
2028.
With the anticipated rescheduling
cannabis, companies will no longer be
affected by 280E and would save an
estimated $2 billion in excess taxes in
2023.
TERRASCEND
54
2021
$23
2021
65
2022
$28
2022
Total U.S. Cannabis Users
(in million of users)
74
2023
84
$34
2024
(in billion US)
2023
Total U.S. Cannabis Market
$40
2024
93
Source: Cannabis - united states: Statista market forecast. Statista. (n.d.). https://www.statista.com/outlook/hmo/cannabis/united-states#revenue
2025
$46
2025
103
2026
$53
2026
112
2027
$60
2027
122
2028
$67
2028
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