U.S. Legal Cannabis Sales to Fall in 2025 for First Time — Price Compression and Oversupply Blamed

A report from Vangst and Whitney Economics finds that the U.S. legal cannabis market posted its first-ever sales decline in 2025. The study points to price compression and an oversupply of product as the primary drivers, and concludes the market is entering a phase of structural realignment as it matures.

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