Potential Additional Annual Revenues From States Currently Debating New Cannabis Laws

  • Currently, 18 states are legislatively debating whether to legalize cannabis for medical or adult uses.
  • If all 18 states were to legalize programs, they could add a combined $11.4 billion in annual sales revenue to the legal U.S. market by their fourth year of operation.
  • Medical programs are being considered in 7 states (GA, NC, SC, SD, TN, TX, and VA), which together by Year 4 would generate an estimated $1.7 billion in annual sales revenue.
  • Adult-use programs are being debated in 11 states (AZ, CT, FL, MD, MT, NH, NJ, NM, NY, OH, and RI), which together by Year 4 would add an estimated $9.7 billion to the total U.S. legal market.
  • Legalization in these markets will not only generate significant new revenues, but it will also fundamentally reshape the status of cannabis in the U.S., as the majority of Americans would then be living in fully legal, regulated markets.