As Massachusetts Marijuana Legalization Rollback Nears Ballot, New State Report Shows Regulated Market Reaching Most Consumers
With Massachusetts voters potentially facing a November ballot initiative to roll back the state’s recreational marijuana law, a new report from officials finds legalization is achieving one of its primary goals: disrupting illicit cannabis sales as adults transition to the regulated market. The report from the Cannabis Control Commission (CCC), released on Friday, found that, […]
Who Killed the U.S. Cannabis Market? Blame Canadian Investment Bankers
How speculative finance and distorted incentives hollowed out American weed. On a sunny afternoon in Santa Monica in the spring of 2018, I sat on a hotel patio with the owners of two up-and-coming cannabis businesses: one a popular low-cost brand and the other a NorCal farming co-op. I had an all-cash offer from investors […]