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ICS20 Soundbite: Newly Legal States Could Yield $6B in Revenue in Next Five Years
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A clean sweep in state ballot initiatives, with Arizona, Montana, New Jersey, and South Dakota all passing adult use initiatives, and Mississippi passing a medical initiative, could translate to roughly $6 billion in revenue over the next five years, according to Roy Bingham, co-founder of BDSA, a data analytics firm focused on the cannabis industry. In this soundbite from the State of the Cannabis Market Panel at the 2020 Insuring Cannabis Summit in November, Bingham talks about how the newly legal states may also push legalization laws being considered in neighboring states.
Watch the full panel discussion and other presentations from the Insuring Cannabis Summit 2020, now available on demand!
