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Whitney Sees Potential $15B Market For THC Drinks
['M. Shanken Communications']
Shanken News Daily
On average, Whitney reports that brands do roughly $2 million in yearly sales, with top brands exceeding $10 million.
The 20 leading THC drinks companies brought in $377 million in revenue for 2024, according to Whitney’s recent report on the state of the industry.
Smaller brands within the hemp-derived category are estimated to combine for revenue of $454 million in all, with dispensary-sold cannabis drinks bringing in $271 million in revenue in 2024.
All in, Whitney Economics estimates that THC drinks brought in $1.1 billion in revenue last year.
Looking over the longer term, Whitney estimates that the THC drinks market will reach $5.6 billion by 2035.
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