Demand for legal cannabis continues to show a steady increase, according to new data from Anderson Economic Group (AEG). In particular, the data reveals a significant jump since the 2016 elections, when a number of states passed new legalization laws.
Digging Into the Data
According to AEG’s AndCan Index, which tracks trends in the marijuana industry, the first part of 2018 showed a small uptick in the demand for legal cannabis products. In particular, the report found a 0.1 percent increase in the U.S. demand for legal weed in January of this year.
On its own, that figure is obviously not impressive. But the relatively slow start to 2018 is an anomaly in the context of larger trends, more dramatic trends.
“While 2018 has gotten off to a slow start, the demand for legal cannabis products is poised for even further growth in the coming months,” AEG consultant Traci Giroux said in a press release. “The recreational market in California will start to settle, and the market in Massachusetts is expected to come online this July.”
Despite the tiny uptick in January, the cannabis market has been showing steady growth for years. Since the beginning of 2015, the demand for legal weed in the U.S. has grown by 25.8 percent. Similarly, demand is up almost 11 percent since this time last year.
In the timeline of legal cannabis, 2016 was a standout year. That’s because a number of states voted to legalize new marijuana bills during that year’s elections.
More specifically, Nevada, California, Massachusetts, and Maine voted to legalize recreational weed. Additionally, Florida, Arkansas, Montana, and North Dakota all managed to pass new medical marijuana laws.
As a result of all those legislative changes, 1 in 5 Americans now has access to some form of legal cannabis, whether recreational or