New Ranking: 1
Old Ranking: 1
California remains No. 1 as the largest cannabis market in the nation. California has legalized both adult-use and medical marijuana, making it one of the most relaxed states in the nation with regard to cannabis use top spot.
New Ranking: 2
Old Ranking: 2
Nevada legalized medical marijuana in 2001 and adult-use marijuana in 2017. Adult use marijuana restrictions are similar to restrictions on alcohol: users must be 21 years of age or older; marijuana may only be purchased from a business licensed in Nevada; selling or giving marijuana to individuals under 21 years of age is illegal; and driving under the influence of marijuana is illegal.
New Ranking: 3
Old Ranking: 3
Both medical and adult-use cannabis are legal in Colorado. Colorado’s constitution was amended on December 28, 2000 to legalize cannabis for medical purposes, and amended again on December 10, 2012 to legalize adult-use. In 2020, Colorado cannabis sales across the medical and adult-use sectors were over $2 billion, totalling $9.8 billion since state-licensed retail sales of adult-use cannabis began in January 2014.
New Ranking: 4
Old Ranking: 4
Commercial cannabis activity is regulated by the Cannabis Control Commission, but local municipalities can also regulate some activities. Although there is a cap on the number of licenses a licensee can obtain, cannabis businesses can operate as for-profit entities.