High Profits🌿🚬
Charts on the cannabis industry
The once-taboo plant cannabis is now making waves and has carved out a whole new industry, which was valued at $43.72 billion in 2022.
In which states is Cannabis legal in the USA?
In 2013, Uruguay became the first country to legalise cannabis nationwide. However, various states across the USA have been legalising the drug for medical use since as early as 1996.
As you can see in the chart below, recreational cannabis is legal across the west and north-east coasts, whilst mainland USA is the least open to cannabis use.
We also take a look at the timeline of cannabis legalisation. It’s interesting to see how initially a few states legalised the drug for medical use, but in the last 10 years or so, adoption of the drug for both medical and recreational purposes has become much more common.
Together with Waivly*
Get the latest in Web3, AI, and tech with Waivly, the platform for future-led tech professionals and enthusiasts! Waivly keeps you up to date with the very latest going on in all of these spaces through daily easy-to-read and to-the-point style content.
Join thousands of readers from companies such as Coinbase, VeeFriends, Twitter, World of Women, a16z, Google, and BAYC and subscribe to Waivly now!
*This is sponsored advertising content.
The World’s Largest Cannabis Brands
Following the legalisation of cannabis, many new companies have formed to meet the growing needs of consumers. They can loosely be divided into four categories: Dispensary/Retail, R&D, Farming and Product.
Let’s take a look at the largest companies in the cannabis industry by market cap:
In the lead is Innovative Industrial Properties, a real estate investment trust (REIT) which acquires, owns and manages regulated cannabis facilities for state-licensed operators.
If you’re interested in learning more about REITs, take a look at one of our recent newsletters:
Also worth mentioning is the retail company Leafly, which sells a special cannabis strain called ‘Snoop Dog OG’. The multi-millionaire rapper has also teamed up with Canopy Growth Corporation to release his own cannabis brand, Leafs By Snoop.
Taking a peek inside Curaleaf’s financials
Curaleaf is another company making waves in the cannabis industry, with over 152 dispensaries across 19 states. Below we visualise their 2022 financial statement:
See you on Friday for a deepdive on AI in non-tech companies!
Created by Shivani
This newsletter started free, and we aim to keep it free for as long as we can. However, any support is always much appreciated - feel free to buy us a coffee using the link below <3