As more lawmakers, regulators and the general public begin to discuss the cannabis industry lack of diversity discussion about social equity provisions in their marijuana policies started to come life.
A new report from Mjbiz daily states
Of the 18 states that legalized medical or recreational cannabis sales since 2016, six have taken considerable measures to boost diversity in their marijuana programs.
States that legalized medical and/or adult-use cannabis since 2016 and included social equity provisions are projected to have total annual sales of $12.7 billion in 2022, compared with $4.1 billion combined for those without a social equity program.
Those numbers do not represent a majority of markets, those that have implemented significant social equity programs are projected to grow much larger than those without.
Read their full report here
