GTBIF - What Ohio Investors Can Learn From Maryland's Cannabis Market: Sector Analyst Keeps It Simple | Benzinga
As Maryland's cannabis market matures, it offers valuable insights for states like Ohio preparing to launch recreational sales. Pablo Zuanic of Zuanic & Associates highlights Maryland's stability, competitive landscape and market dynamics as a potential model for other states. Understanding Maryland's experience can help Ohio anticipate challenges and opportunities in the evolving cannabis industry.
Zuanic says the comparison is valuable for Ohio because both states share similar market structures and regulatory environments. Like Maryland, Ohio is transitioning from a medical to a recreational market, with incumbent operators gaining a head start. Additionally, both states face competition from neighboring regions with established cannabis programs.
"Both Maryland and Illinois had orderly transitions from medical to recreational sales and have enjoyed above-average economics. Notably, incumbents were grandfathered into recreational sales from the start, unlike in New York, and they have benefited from this head start. We expect a similar pattern in Ohio,” reads the report.
These common features make Maryland's experience a relevant and instructive ...