- It notes, “although there are reports of increased cannabis use during the pandemic…the magnitude of volume increase far exceeds empirical evidence of increased use, suggesting other contributing factors such as accelerated conversion from the illicit market, and peripheral consumers and non-users.
- Additionally, sales grew throughout the pandemic in Canada and almost all of the 13 states with high-quality data. The exceptions are tourist-dependent Nevada and Massachusetts where the REC market was not deemed essential.
- It projects retail sales between $30B and $37B by 2024. By comparison, the total market cap for U.S. MSOs is currently $25B.
- The presentation features updates on Navy portfolio companies CANN, Connected Cannabis, Ayr, Jushi, Trulieve, Green Thumb Industries and 4Front Ventures.
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