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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.