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Just Published: 2023 U.S. Cannabis Report Market Updates & Projections

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The U.S. cannabis industry is experiencing a mix of challenges and opportunities. While the oldest legal adult-use state markets saw declining revenues in 2022, the newly legalized east coast state markets are expected to drive growth in the medium-term. With more states legalizing either medical or adult-use markets, legal sales could reach $71 billion by 2030.

Key Points to Uncover: 

  • Oldest legal adult-use state cannabis markets experienced declining revenues for the first time in 2022.
  • Newly legalized east coast state markets serve as a strong foundation for growth of the industry in the medium-term.
  • Legal sales could top $71 Billion by 2030 with 18 additional states positioned to legalize either medical or adult-use in the next decade.
  • 96% of Americans will live in a state with some form of legal cannabis access if all 18 new states successfully pass legalization measures.
  • Political opposition in historically conservative states will continue to resist legalization efforts.
  • Registrations for medical programs trend up in medical-only states bordering newly legal adult-use states and trend down in states that legalize adult-use on top of existing medical programs.
  • Broader macro factors like inflation, high taxes and the illicit market could impact near-term revenues, but will have little impact on the surging levels of demand for legal cannabis.



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NJ: Murphy Appoints New Cannabis Commissioner – She Still Needs To Be Confirmed By State Senate

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Green Market Report

New Jersey Gov. Phil Murphy on Friday appointed medical business executive Amelia Mapp, the wife of Plainfield Mayor Adrian Mapp, to replace an outgoing member of the state Cannabis Regulatory Commission.

Mapp is taking over for Commissioner Charles Barker, who is departing the agency after serving on the panel since 2021, where he developed a reputation for being critical of the Murphy administration’s efforts on social justice within the cannabis sector and of the outsized role that large corporations have taken in the state’s marijuana trade, NJ.com reported.

Read full report at 

Shakeup at New Jersey cannabis commission

Also see 

https://www.nj.com/politics/2024/09/murphy-boots-leading-critic-of-big-weed-corporations-from-nj-cannabis-commission.html



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Give Me Strength…Bierman’s “One Man Agaianst The Establishment” Fiction Is Now Getting The Docuseries Treatment

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It was depressing enough that he was publishing a book .. Now we have to deal with somebody else who’s drunk on  the Bierman Kool-Aid.. “It’s an amazing origin story about one man’s fight against the establishment. Adam takes us on an amazing, tell-all journey of the new Wild West of hubris and greed while […]



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Cannabis Control Commission to Host Public Comment Period, Hybrid Hearing on Amendments to Microbusinesses, Delivery, Telehealth Regulations

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Starting September 16, the Massachusetts Cannabis Control Commission (Commission) will be soliciting feedback from stakeholders on the agency’s proposed regulatory changes to Microbusinesses, Delivery license types, telehealth options for patients, and prescribing allowances for providers. These draft changes were unanimously approved by the Commission at the July 19 Public Meeting and subsequently filed with the Secretary of State’s Regulations Division for publication on September 13.

Constituents will be able to provide written comment from September 16 to October 7, as well as oral testimony at a public hearing scheduled Monday, October 7 at the Commission’s headquarters at Union Station, 2 Washington Square in Worcester. Written submissions should be emailed to [email protected] with “Regulation Comment” in the subject line of the email no later than 5:00 p.m. EST on October 7, 2024.

The proposed regulatory changes include the highly anticipated change to allow delivery licensees the option of delivering marijuana and marijuana products to consumers with one Marijuana Establishment Registered Agent in a vehicle at a time, as opposed to the current requirement of two Agents, when delivering items with total retail value of up to $5,000. Two Agents would still be required to staff vehicles transporting products with a retail value exceeding $5,000 and up to the $10,000 delivery maximum. Under the change, Social Equity Program Participant and Certified Economic Empowerment Priority Applicant businesses with exclusive access to delivery licenses types also would be permitted to hold three Delivery Operator and three Delivery Courier licenses for the first time.

The draft changes also include a proposal to allow Microbusinesses to apply for other license types, such as Retail and Transport licenses; permitting Qualifying Medical Patients to opt-in to utilizing telehealth consultation with a Certifying Healthcare Provider for their initial certification; and giving Nurse Practitioners with independent practices authority to certify Qualifying Patients without a supervising Physician.

Any feedback to the draft regulations should be submitted to the Commission during the specified public comment period, and no later than October 7, 2024. All submissions should include the submitters’ full name, and organization or affiliation, if any. Those received by the deadline will be reviewed by the Commission and may be incorporated into the final version of regulations that will be considered at a forthcoming public meeting. Please be advised that the Commission may publish submissions it receives or produce them in response to a request made under the Massachusetts Public Records Law, M.G.L. c. 66, § 10, or any other compulsory legal processes.

A link to view the October 7 Public Hearing will be published at: https://masscannabiscontrol.com/calendar/. In advance of the public hearing, text of the proposed regulations may be viewed by visiting the “Regulations” section of the Commission’s public documents page at MassCannabisControl.com, requested by emailing [email protected], or by calling the Commission at (774) 415-0200.

 

Current Regulations

Please note: The Redlined versions include only those chapters with edits and changes in accordance with the Secretary of the Commonwealth’s filing requirements.



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