The 2021 Marijuana Business Factbook, one of the most comprehensive cannabis market research tools, has tracked the trajectory and projected profits from the US medical and recreational cannabis industries in the coming five years. The most recent reports should leave industry professionals confident that they will see continued growth until at least 2025, according to a news brief in Marijuana Business Daily.
The Factbook includes data on cannabis sales from the 2020 fiscal year, estimates of the industry’s impact on the US economy, comparisons of the cannabis industry and its economic output as compared to other industries, among other facts and figures relevant to a variety of cannabis industry professionals.
It s been a very good year for wine and wine sales. Sales of domestic and foreign wines in the U.S. last year were reportedly up two percent compared to 2011 – to a record 360.1 million cases with an estimated retail value of $34.6 billion. California wines make up nearly 60 percent of overall. Read More.
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CLEVELAND, Jan. 22, 2021 /PRNewswire/ 2020 was a rocky year for the US motorcycle industry as the effects of the COVID-19 pandemic caused overall sales to tumble. But there were also silver linings:
Unlike much of the rest of the world, in the US, motorcycles, scooters, mopeds, and e-bikes are generally considered recreational – or transpotainment – vehicles, typically purchased by hobbyists and regarded as a fun way to get from place to place rather than as a primary mode of personal transportation.
Spending on big-ticket items like motorcycles plummeted along with consumer incomes in the first part of 2020 with the onset of the pandemic.