A new legislative report delivered to Maryland lawmakers this week projects that the nationwide market for legal cannabis could climb to $72 billion per year by 2030, more than double the current market estimation of $32 billion annually. Efforts to address the lack of diversity in the cannabis industry have been inconsistent, the report notes. On Tuesday, the Maryland House of Delegates’ Cannabis Referendum and Legalization work group met virtually to assess a report on the nationwide cannabis regulation climate. Lawmakers in Maryland are exploring how legalized adult-use cannabis would impact the state, where voters will decide on recreational marijuana legalization in this month’s general election. Of the 19 states that have legalized recreational marijuana, Alaska, Maine, Montana, and Oregon do not have social equity measures in place to help improve equitable representation in the cannabis industry.
A new legislative report delivered to Maryland lawmakers this week projects that the nationwide market for legal cannabis could climb to $72 billion per year by 2030, more than double the current market estimation of $32 billion annually. But the report also shows that some states that have legalized cannabis have failed to set clear social equity goals and that the regulated marijuana market nationwide lacks a proportionate representation of Black-owned businesses.
Lawmakers in Maryland are exploring how legalized adult-use cannabis would impact the state, where voters will decide on recreational marijuana legalization in this month’s general election....
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