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Amid the green wave expected in the northeast including New Jersey, Connecticut, New York and Virginia, Pablo Zuanic, analyst at Cantor Fitzgerald reviewed economic trends in four states that have legalized the recreational use of cannabis: Illinois, Michigan, Massachusetts and Arizona. Except for Arizona, which had a well-developed medical market, Zuanic estimates sales of adult-use cannabis 2-3 years into the respective programs will be anywhere from ~5x to 7x the level of medical sales (before recreational legalization).
...read full article on Benzinga
