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Executive Summary The first wave of cannabis legalization created rapid market expansion, but it also exposed structural weaknesses across licensing, capital strategy, and operations. Early markets demonstrated that demand alone does not guarantee success. For investors and operators, the most valuable takeaway is not how quickly these markets grew, but how they matured. Today, the … Continue reading “Lessons Learned from the First Wave of Cannabis Legalization”
The U.S. cannabis industry received major news this week as the Department of Justice announced a final order to reclassify certain marijuana products to Schedule III under federal law. This marks one of the most significant federal cannabis policy shifts in decades and could have major implications for operators, investors, researchers, and future license applicants. … Continue reading “DOJ Reclassifies Marijuana to Schedule III: What It Means for the Cannabis Industry”
Executive Summary Over the past 45 days, Pennsylvania’s cannabis landscape has been defined by continued legislative pressure with incremental structural movement, but no defined pathway to legalization. Governor Josh Shapiro has renewed efforts to legalize adult-use cannabis as part of broader budget discussions, while lawmakers have begun to focus on foundational regulatory components, including oversight … Continue reading “Pennsylvania Cannabis Update: Legislative Momentum Builds, but Structural Barriers Remain”
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