An analyst at Canaccord Genuity predicted $22B in legal U.S. cannabis sales by 2022.
- Bobby Burleson anticipates 2019 domestic sales of $12.8B and a growth rate of 20% annually.
- REC legalization in Illinois was key to him increasing his forecast.
Quick Hits
- After failing to deliver REC, and expanding the state’s MED program, N.J. Gov. Phil Murphy (D) is exploring decriminalization. Garden state voters appear likely to vote on REC in November 2020.
NJ.com, AP - Cannabis Wire visits Ohio’s “fractured, disheartened cannabis movement.”
