High Times: Cannabis Now America’s Fifth Most Profitable Crop

With recreational pot now legal in 18 states, cannabis is a bona fide profitable cash crop. In November, Leafly Holdings, Inc. released its first ever “Cannabis Harvest Report” that examined “farm licenses and production in the 11 states that have legal adult-use stores open and operating.”

“Cannabis is medically legal in 37 states, but for purposes of this report we focused on operating adult-use states—the 11 states where any adult can walk into a licensed store and buy cannabis—for salience to the general public,” the report’s authors wrote. “In those 11 adult-use states, cannabis supports 13,042 licensed farms that harvested 2,278 metric tons of marijuana last year. That amount would fill 57 Olympic swimming pools, or over 11,000 dump trucks stretching for 36 miles—and it’s returning $6,175,000,000 to American farmers every year.”