Additional Revenues from Potential State Legalization
- More than a dozen states are expected pass new cannabis legalization measures before 2025.
- Of them, four are expected to open medical markets, while nine may embrace adult use.
- The new markets may add another $21.4 billion (a 22% increase) in total revenue to the U.S. legal market between 2021 and 2025.
- The revenue increase will be driven by the evolution of high-population markets in New York, Michigan, Ohio, New Jersey, and Texas.