10 Cannabis Fun Facts - By the Numbers

Enjoy a few random cannabis stats from the LoudCloudHealth.com infographic “80 Must-Know Marijuana Statistics and Facts.”

Feb 27th, 2020

From the infographic “80 Must-Know Marijuana Statistics and Facts.”

From the infographic “80 Must-Know Marijuana Statistics and Facts.”

1. $326 is the average price for 1oz of high-quality marijuana.

2. Cannabis raises the heart rate for up to 3 hours after smoking.

3. 24% of young adult Americans use marijuana.

4. In 2017, sales of medical and recreational cannabis in the US were nearly 9x higher than sales of Oreo cookies.

5. The average medical cannabis user spends $136 per transaction and makes a purchase every 10 days.

6. Recreational users purchase every 14 days and spend $49 per transaction.

7. In 2017, the industry employed 250,000 people.

8. Prices for flower are expected to decline by 35% to 50% due to oversupply.

9. Marijuana is the 2^nd most frequently found substance in driver’s bodies after serious traffic accidents.

10. Europe will become the largest medical cannabis market in the world in 2027, with a budget of $1.3 trillion in health care spending.

Source: 80 Must-Know Marijuana Statistics and Facts by Bojana Petkovic, LoudCloudHealth.com

Make plans to visit PACK EXPO East in Philadelphia, March 3-5, to see processing and packaging machinery and materials.

Want to learn more about Cannabis Packaging? See our recent coverage with FREE download of the PMMI Business Intelligence White Paper “Cannabis Market Update: Unique Packaging Challenges for THC and CBD Products”

Pioneering New Cannabis Packaging Standards

OEMs Needed for $32 Billion Budding Cannabis Industry

Contract Packaging Potential in the Cannabis Industry

Or listen to a new PMMI podcast by Jim Chrzan, “Don’t Fear the Reefer” to learn about THC vs CBD; CBD regulations and content; and the inconsistencies of public perception and banking regulations.

Also, read Digital Edition of Packaging World's February 2020 issue: Cannabis Packaging Focus

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