BDSA’s Cannabis Election Recap and What it Means for Legal Weed
LOUISVILLE, Colo. – BDSA , provider of the most accurate and comprehensive retail sales data for the cannabis industry, announces the potential impact of the five statewide and host of local cannabis legalization propositions on the ballot following the recent midterm elections. BDSA’s most recent Cannabis Market Forecast outlined predictions for when new markets will legalize adult-use cannabis and when sales will begin. Here’s how BDSA’s forecast compares with the reality of the 2022 election results: Arkansas – Arkansas’ Issue 4 failed to pass by 6%. BDSA did not predict the passage of Arkansas’s Issue 4 proposition and current forecasts do not include adult-use sales through 2026. Maryland – Maryland’s Marijuana Legalization Amendment passed with almost 67% support. BDSA forecasted adult-use sales to begin in Maryland in 2024, reaching $215 million for the year. Missouri – Missouri’s Marijuana Legalization Initiative passed with approximately 53% support. BDSA’s cannabis forec...