Cannabis Industry to Surpass NFL in Revenue by 2020

The NFL’s revenue is roughly $15 billion a year. Marijuana sales were near $10 billion in 2018 and are expected to surpass the NFL’s revenue by 2020.

More states are legalizing marijuana, which is expected to significantly and quickly boost industry sales, the New York Post reported. It’s estimated that sales could top $100 billion by 2023.

“By the end of 2023, sales of legal cannabis in the United States could exceed Americans’ collective spending on gym memberships,” said industry insider Eli McVey. “But legal sales represent just a fraction of the estimated total potential demand for cannabis in the United States, which is roughly $50 billion to $60 billion when black-market demand is included.”

In 2019, cannabis industry jobs are expected to increase 34% to between 175,000 – 215,000 employees.