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Public support, changing state laws and evidence of marijuana’s therapeutic benefits are driving the fast-evolving medical marijuana market. Investors need to be aware of the implications and opportunities that are shaping this market.
- Illicit marijuana use is a strong predictor of statewide legalization measures.
- Changes in the laws governing medical markets are the single most disruptive force on the market, and the greatest source of risk for investors.
- Medical marijuana cultivators, processors, and retailers are best positioned to capitalize on the significantly larger adult-use market as legalization continues to spread.
* Published August 2015
