Global data, analytics, and business intelligence company, New Frontier Data today announced the release of The U.S. Cannabis Cultivation Report: 2019 Legal and Illicit Output by State which gives estimates and forecasts regarding the total volume of cannabis produced in the United States and provides details on markets in individual states.
The report utilizes the most recent cultivation data available and considers information from a variety of sources including state government reports, seed-to-sale transactions, and proprietary consumer surveys.
According to New Frontier Data, the goal of the report is to provide analysts, operators, investors, and policymakers with fact-based projections for both the legal and illicit cannabis markets in the U.S. with enough details needed to understand total supply in each state regarding indoor, greenhouse, and outdoor production.
“With over half of U.S. cannabis production coming from unregulated markets, and amidst public safety concerns over contaminated and untested product supply, regulators and policymakers are in need of trusted information to make informed decisions on the future of the industry,” says New Frontier Data CEO Giadha Aguirre De Carcer. “Understanding how much supply exists and where it is coming from will help shape a better and safer environment for consumers.”
The new report includes valuable data such as cannabis production estimates by state, top illegal cannabis import and export states, total demand for cultivation estimates, and total legal and illicit cultivation output estimates in the United States.
The new study forecasts the total legal and illegal cannabis output in the U.S. to grow to 34.4 million pounds by 2025 if no additional states legalize marijuana.
The report states that California is estimated to illegally export more than 12 million pounds of cannabis and New York is projected to import 1.5 million pounds in 2019.
According to the report, California, Colorado, and Washington had the most legally-produced cannabis in 2019.
Anyone interested in viewing the report can download it at no charge with a free trial of the Equio online portal.