Marijuana Moment Report: Pharmaceutical Industry Suffers Billions In Losses After States Legalize Marijuana, New Study Finds
Cannabis Law Report
SEPTEMBER 2, 2022
The pharmaceutical industry takes a serious economic hit after states legalize marijuana—with an average market loss of nearly $10 billion for drugmakers per each legalization event—according to a first-of-its-kind study. By expanding access and, thus use, legalization could permit cannabis to compete with conventional pharmaceuticals.
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