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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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Massachusetts: Office of the Inspector General Publishes Press Release Re Appointing A Receiver To Manage State’s Cannabis Commission

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Independent journalist Grant Smith Ellis  writes today to linked in

Press release from Massachusetts Inspector General confirms that a decision in June of 2024, by three CCC Commissioners, to strip the powers of acting agency Executive Director Debbie Hilton-Creek led to today’s emergency hearing request on Beacon Hill.

 



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Movie Time In Oregon. Special Screening of Frenchy Dreams of Hashish

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CHEECHABLE & OG EMPIRE PRESENT:

A SPECIAL 7/10 with FRENCHY CANNOLI! We are pleased to announce a special screening and Oregon premier of the movie Frenchy Dreams of Hashish, a documentary by Jake Remington. Frenchy Dreams of Hashish showcases master hashishin Frenchy Cannoli’s lifelong pursuit of perfect hashish and highlights the ethos of sustainable, sun-grown cannabis. Join us as we celebrate the art of making hash and honor the late master, Frenchy Cannoli. Get your tickets here!

 



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Curaleaf Start Process Of Getting Their Claws Into The UK’s National Health System – With Former MP (Resigned Today 30/5/24) As The Front Man

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It’ll take a while but the business plan to get Curaleaf products available via the NHS starts here…and the front man is  now former Conservative MP George Freeman

See the press release dated 28 May (scroll down)  about his involvement and and what a surprise

30 May 2024

George Freeman is no longer a Member, but was most recently the Conservative MP for Mid Norfolk, and left the Commons on 30 May 2024.

https://members.parliament.uk/member/4020/career

 

 

 

Positioned at the heart of the life sciences sector, the Cannabinoid Research & Development Group UK is a new research strategy group led by academics, researchers, clinicians, patients and industry.

The group will propel scientific research and development of pharmaceutical cannabinoid-related products in the UK.

Our ambition is to develop and implement a comprehensive strategy to transform the UK into the global leader in cannabinoid research and medicine development.

We will build a robust ecosystem by integrating universities, research institutions, investors, businesses, and the NHS – driving innovation and development, nurturing top talent and fostering advances in healthcare.

 

 



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