Americans spent over $20 billion on chocolate in 2022, but that pales in comparison to how much of this plant they consumed.
Americans have voted with their wallets and the results are in.
They love marijuana.
Legal sales of marijuana and marijuana products -- like edibles -- reached an estimated $30 billion in 2022, according to a
report from MJBizDaily.
That total is more than Americans spent on chocolate and craft beer combined, -- $20 billion and $7.9 billion, respectively -- according to
Business Insider.
Cannabis' medicinal applications are also represented in the data as Americans spent more on marijuana than they did on opioid medications ($22.8 billion) and topical pain medication ($2.8 billion) combined, according to MJBizDaily.
The total economic impact by cannabis sales is expected to top $100 billion in 2023, according to the industry watcher, with sales of $33.6 billion, a 12% year over year increase.
By 2028, the firm expects marijuana sales to approach $57 billion, with an overall economic impact of $170.7 billion.