IN THE SPOTLIGHT
By 2028 Cannabis edible market value is expected to reach
$ 9 BILLION
by KRYSTINA SKIBO
Beyond the Bud:
Cannabis Edibles 101
Even though flower continues to reign supreme, edibles have become increasingly popular, evolving from a niche product to a significant segment of the legal cannabis market.
Edibles are particularly popular in the U. S. and in Canada, according to a report from BDSA. In the U. S., sales grew roughly 20 % year-over-year from 2019 to 2023 and represented about 12.4 % of sales in the legal cannabis market.
New Frontier Data also reported that consumer spending on cannabis edibles in the U. S. reached more than $ 3.5 billion in 2023. Edibles rank third in total sales and market share in North America after dried cannabis and cannabis extracts.
“ The U. S. edibles market has really come into its own in the past few years,” says Jessica Hanson, founder and managing director at Homegrown Group.“ It’ s now worth around $ 4.5−5 billion annually, making up about 14−15 % of total legal cannabis sales.”
The edibles market includes a wide range of product types, such as cannabis-infused beverages, gummies,
36 StateWays • Fall 2025 www. stateways. com