New Leafly ‘Cannabis Harvest Report’ values crop 5th in the nation at $6 BILLION/Yr – Leafly

The first-ever Leafly Cannabis Harvest Report, released today, counted 13,042 cannabis farm licenses in the 11 legal states where retail stores are open. This unprecedented peek into US pot production found farmers growing 2,278 metric tons per year. It’s a mind-boggling number—enough to fill 57 Olympic-size swimming pools, or more than 11,000 dump trucks stretching more than 36 miles.

With US state cannabis prices ranging from about $500 to $3,000 per wholesale pound, you’re looking at a crop worth $6.175 billion per year. As measured against US Department of Agriculture (USDA) data, the value of America’s legal cannabis crop ranks fifth nationwide, ahead of cotton. And yet state and federal officials generally do not track it or acknowledge it.

Legal cannabis is the single most valuable crop in Alaska, Colorado, Massachusetts, Nevada, and Oregon.

New Leafly ‘Cannabis Harvest Report’ values crop 5th in the nation – Leafly