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- 🌱 $1B Market Blueprint, Banks Eye $130B, Cannabis Cafes
🌱 $1B Market Blueprint, Banks Eye $130B, Cannabis Cafes
Welcome to Rise & Roll, a bi-weekly newsletter that keeps you smart, savvy, and always in the loop on the latest in cannabis.
Here’s what we have on deck for today…
Recipe for a $1B cannabis market
With eleven states set to hit 10 figures in 2024, their success stories reveal three key insights:
Store density is king. Michigan's crushing it with 8.7 dispensaries per 100k people, while California struggles with just 3.2.
Tax strategy matters big time. Washington's 46.4% effective rate has resulted in declining sales, while states with moderate taxation show stronger stability.
Timing is everything. Newer markets like Maryland are booming (+43.8%), while mature states battle price compression and illicit competition.
The path to a billion-dollar market isn't just about population size.
It's about nailing accessibility, taxation, and sustainable growth.
Banks could score $2B from cannabis
A new report shows banks could rake in $2B+ in cannabis interest payments by 2035, but most won't touch the industry due to federal restrictions.
The gap? Cannabis businesses need up to $130B in growth capital through 2035, and traditional loans beat family-and-friends funding any day.
Banks need more than just regulatory changes – they need innovative solutions that bridge the cannabis compliance gap.
With the industry projected to hit $87B in sales by 2035, there's a massive opportunity for those who can help financial institutions get comfortable with cannabis.
Massachusetts greenlights cannabis cafes
Massachusetts just rolled out its biggest cannabis innovation yet: social consumption licenses.
The state's plan creates three license types allowing businesses to open cannabis tasting rooms, cafes, and lounges.
Existing dispensaries can add on-site consumption
New players can jump in with cannabis-friendly theaters, yoga studios, etc.
This opens a whole new frontier for cannabis entrepreneurs.
Whether you're an existing operator or new to the industry, the social consumption space is about to heat up.
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We’ll be back with another edition on Friday. See you then!
To stay up-to-date on cannabis news, visit us at riseandroll.news.
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