Cowen and Co
Though cannabis sales aren’t as high as they were following a coronavirus-related spike, the same can’t be said about consumers.
Cannabis companies don't have the same financial advantages of other companies, meaning success is the only option.
Compared to non-cannabis states, adult-use states experienced a 11% drop in binge drinking. Analysts believe further marijuana legalization will see subsequent drops.
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The relevance of this modification affects health care providers, patients affected by COVID-19 and related conditions, and the life science companies themselves.