Adult-Use Cannabis: The U.S.’s Fifth Most Valuable Crop

With a value of $6.2 billion in 2020, the wholesale harvest value of adult-use cannabis is now America’s fifth most valuable crop, trailing only corn ($61 billion), soybeans ($46 billion), hay ($17.3 billion), and wheat ($9.3 billion), according to Leafly’s first-ever “Cannabis Harvest Report 2021.” And that’s not the half of it. The $6.2 billion in harvest value comes only from 11 states where adult-use cannabis retail markets are legal and operational. Those 11 states represent roughly 30% of the U.S. population. Can you imagine where this industry will be in 10 years?

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