Minnesota’s Legal Marijuana Sales Projected To Reach $1.5B By 2029

Cannabis sales are set to quickly grow with the legal market

Minnesota’s legal marijuana market could generate $1.5 billion in annual sales by the end of the decade and serve more than 700,000 consumers a year, according to a new market analysis from one of the nation’s top cannabis law firms.

While retail marijuana sales in the state likely won’t start until January 2025, Vicente LLP predicts sales will balloon from about $550 million that first year to $1.54 billion in 2029. That trajectory would mirror other states that legalized recreational marijuana.

Pot sales are set to quickly grow with the legal market. Retail sales are expected in early 2025. Minnesota consumers may take time to embrace it, but border-state users will be drawn in immediately.

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