There’s much uncertainty for the future of the United States. There’s no way to predict who will be President in 2017, what new droughts and storms will have ravaged the country, or how many countries we’ll be at war. But one thing is for sure: there’s gonna be a lot more green sticky popping up through the soil two years from now.
The consulting firm Anderson Economics Group has further taken the edge of our vague future by compiling a staggering amount of data into a 270 page report of projections for the legal cannabis economy in the coming years. Some of the major conclusions of the report were summarized by The Cannabist this week.
AEG’s findings are in some cases pretty far from common sense assumptions about future legalization – Arizona, one of the least 420-friendly states in the Union, is more likely to legalize by 2017 than de-facto legalized state California, according to the study – and definitely worth a gander for anyone with a stake in the future of the cannabusiness.
Here are some key findings from the report…
7 states most likely to legalize by 2017: Arizona, Maine, Michigan, Missouri, Nevada, Rhode Island, and Vermont.
6 states least likely to legalize by 2017: Arkansas, Idaho, Indiana, North Dakota, Texas, and West Virginia.
Largest potential market for legalized cannabis: California.
Smallest potential market for legalized cannabis: Wyoming.
“With dramatic changes in both public opinion and the legal landscape regarding marijuana, it is clear that future consumption of marijuana in the U.S. will be under a much different legal regime than in the past,” AEG said in a statement. “While we do not yet know what this would imply for both state and federal laws, we believe a serious effort to review the available data with numerous indicators could provide us with much better information than what was available in the past. We have undertaken for this report the most thorough effort yet attempted to estimate market demand for cannabis products from fundamental drivers of consumer behavior.”
The report also looked at the estimated tax revenue for legalizing states and how a booming market like legal cannabis could be expected to affect other industries like alcohol distribution.
Photo via The Dispensary Experts