• Dan Lipton

The Green Wave

Two more states vote to legalize adult-use cannabis: Maryland and Missouri. Total of 21 states (and DC) now live in a state where adult-use cannabis is legal, adding about $3BN to the Total Addressable Market. Almost 50% of Americans now live in a state with adult-use cannabis is legal. 39 states have legal medical programs. AL, GA, SC, NC and TN have all stated that medical or adult-use programs will follow in 2023. The Green Wave is happening right before our eyes. Normalization. De-stigmatization. Merida Capital is a leading private equity institutional investor in the space with plant-touching and non-plant touching portfolio companies. #cannabis #MeridaCapital #MitchBaruchowitz #normalization #PE #investments #growth