High on Data: Cannabis Stats and Legal Trends for 2024
The cannabis industry is buzzing with growth and excitement. With more states embracing legalization and millions of users exploring the benefits of plant medicine, it’s clear that things are picking up in the marijuana market.
These latest stats highlight the surge in weed’s popularity in 2024. This year alone, the numbers reveal a rapidly growing industry, offering a glimpse into its current trends and future potential:
- The cannabis industry has a projected 71 million users.
- Gen-Z users account for a tenth of the market.
- 22% of users turn to marijuana for stress relief.
- Almost 50% of consumers use cannabis daily.
- The cannabis industry has created 428,059 jobs.
- The average user spends $150 on MMJ products a month.
- Recreational marijuana is legal in 24 states.
As the #1 medical cannabis dispensary brand in the South, GOOD DAY FARM is thrilled to be part of the plants over pills movement, providing ridiculously GOOD WEED to consumers in Arkansas, Louisiana, Mississippi, and Missouri.
The Cannabis Industry Has a Projected 71 Million Users
As more people experience the diverse benefits and Feel GOOD States that marijuana can provide, the number of users is steadily increasing, with many more expected to become cannabis consumers in the future.
For the first time, the number of Americans using marijuana almost daily has exceeded those who drink alcohol that frequently. This change, four decades in the making, reflects the mainstream acceptance and legalization of recreational weed in nearly half of the U.S. states.
While marijuana remains illegal at the federal level, most states now permit medical or recreational use. The federal government is, however, working on reclassifying marijuana to a less dangerous category.
And according to a recent report by New Frontier Data, the number of cannabis users is projected to grow by 4% annually over the next few years. By 2030, this growth translates to an impressive 71 million users!
Happy Friends Enjoying Cannabis
Gen-Z Users Account for a Tenth of the Market
Gen Z’s presence in the cannabis market has been rising rapidly. Between 2019 and 2021, their marijuana purchasing habits more than doubled, with over 15% of all cannabis users now belonging to this young and dynamic demographic. This trend indicates that younger consumers are more open to incorporating weed into their lifestyles.
A key factor in this shift is that Gen Z is the only age group consistently gaining new customers as they turn 21 and start purchasing marijuana. Meanwhile, the market shares of the three older age groups have decreased evenly. Despite this, Millennials remain the largest customer age group by far, accounting for nearly half of all U.S. cannabis sales from October to December 2021.
22% of Users Turn to Marijuana for Stress Relief
So why do most folks use plant medicine? Ask this question to many marijuana consumers, and they’ll likely tell you they use it to help them unwind. One of the most common reasons people turn to plant medicine is for stress relief, with 22% of users citing it as their primary motive. This statistic is proof of two things:
- First, it shows the role of cannabis in helping people alleviate anxiety and manage daily pressures.
- Second, when it comes to stress relief, weed works!
At GOOD DAY FARM Dispensary, we offer a variety of premium cannabis that can help take control of stress and anxiety. The strains and products in the Unwind Feel GOOD State feature terpenes known to help alleviate stress, filtering unwanted thoughts and soothing angst. These dominate terpenes include: Linalool, Ocimene, Beta Caryophyllene, Bisabolol, Limonene. GOOD DAY FARM strains that are known to help you unwind are Oooze, Watermelon Gushers, Banana Cream Cake x Jealousy, and Member OG.
Whether you’re looking for some calming flower strains, edibles, vapes or dispensary deals on your favorite marijuana, GOOD DAY FARM products are known to help you find stress relief.
Chocolate Weed Edibles
Almost 50% of Consumers Use Cannabis Daily
If you enjoy cannabis daily, you’re in GOOD company. Daily use is becoming more common, with nearly 50% of users consuming every day. Of course, the rise in marijuna use aligns with changes in policy. According to the analysis, cannabis trends have decreased during times of stricter regulations and increased during periods of more relaxed policies. This highlights the need for access to high-quality, reliable products.
GOOD DAY FARM is passionate about plant medicine and dedicated to helping you find the perfect weed product for your needs. Our menus include over 30 premium flower strains, edibles & award-winning, best-tasting gummies, vapes, and concentrates for medical and adult-use cannabis consumers in Louisiana, Arkansas, Missouri and Mississippi.
The Cannabis Industry Has Created 428,059 Jobs
Nothing speaks volumes about an industry’s growth louder than economic impact. The cannabis industry has been one of the largest employers over the last five years.
According to Leafly’s annual report, the industry has already generated more than 428,059 full-time jobs as of January 2022. With increased demand and adoption, the industry needs more people to cultivate, produce, and vet marijuana products.
Other jobs have been created that don’t involve cannabis cultivation and production. For example, dispensaries (like ours) need workers too. From GOODtenders to General Managers, our GOOD DAY FARM Dispensaries deliver a truly Southern approach to medical patient and adult-use consumer care with our friendly and knowledgeable staff.
The Average User Spends $150 on MMJ Products
Don’t feel guilty if you’ve ever spent over $100 in a month on marijuana. In 2023, people spent an average of $150 a month on cannabis products, with the most money going toward edibles and concentrates.
Cannabis edibles are a favorite way to enjoy marijuana, especially for those who prefer a smoke-free experience. GOOD DAY FARM’s award-winning gummies are gluten-free, vegan, and made with real fruit. They come in a variety of formulas, flavors, and price points, all infused with GOOD DAY FARM’s premium cannabis oil.
When Cannabis Edibles Start to Kick In
Concentrates are potent products that are popular among users for being cost effective. Also known as extracts, concentrates are made from cannabis trichomes, which contain the cannabinoids, terpenes, and other compounds responsible for marijuana’s effects. They are GOOD for consumers needing high-THC doses, delivering instant and intense effects, making them ideal for those with high tolerance. Most concentrates are dabbed through a dab rig for flash vaporization, but they can also be added to a bowl of flower or used in edibles. Additionally, concentrates often come as oil in pre-filled cartridges, making them convenient and discreet for consumption. Your local GOOD DAY FARM Dispensary has cured and live resin concentrates, as well as all-in-one vape pens, vape cartridges, and more for the concentrate novice or connoisseur.
Recreational Marijuana Is (Finally) Legal in 24 States
California led the way by legalizing medical marijuana in 1996. Since then, 40 states and the District of Columbia have followed suit. On Election Day in 2012, Colorado and Washington made history as the first states to legalize recreational cannabis use and sales through ballot measures. By April 2024, recreational or adult-use MMJ had been approved in the District of Columbia and 24 states.
GOOD DAY FARM is the #1 medical cannabis dispensary brand in the South with stores near you in four states, including Missouri, Arkansas, Mississippi and Louisana. All GOOD DAY FARM Dispensary locations have an expansive menu featuring over 30 premium flower strains, edibles & award-winning, best-tasting gummies, vapes, and concentrates.
Visit a GOOD DAY FARM Dispensary Near You
GOOD DAY FARM cannabis dispensaries
The numbers say it all—the cannabis industry is thriving. And it’s no secret that we believe in plants over pills at GOOD DAY FARM Dispensary and using the magic of mother nature to help people feel their best.
Whether you shop in-store or online, the GOOD DAY FARM team is here to guide you through all our GOOD products and help you find your path to more GOOD days. Visit us at your local GOOD DAY FARM Dispensary and immerse yourself in the unique GOOD DAY FARM experience. Meet our GOOD PEOPLE, savor our GOOD CANNABIS, and make it an unmistakably GOOD DAY at a ‘dispensary near me‘ today.
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Key Takeaways
- Cannabis Industry Growth in 2024: The cannabis market is booming with more states legalizing marijuana and millions of users discovering its benefits. GOOD DAY FARM leads the South in quality cannabis, serving Arkansas, Louisiana, Mississippi, and Missouri.
- Key Industry Stats: In 2024, the cannabis market boasts 71 million users, with Gen Z at 10% and 22% using it for stress relief. Almost 50% use daily, and the industry has created 428,000 jobs. Consumers spend $150 monthly, focusing on edibles and concentrates.
- Recreational Cannabis Legalization: Recreational cannabis is legal in 24 states, reflecting broad acceptance. GOOD DAY FARM offers premium flowers, edibles, vapes, and concentrates, available in-store and online, ensuring exceptional quality and service.
Although GOOD DAY FARM Feel GOOD States are suggested based on research, these states cannot be guaranteed. Marijuana is not approved by the United States Food and Drug Administration to treat, cure, or prevent any disease.
