Bill > S100

This bill requires the Cannabis Control Commission (CCC) to either conduct or hire an external economic expert to perform a comprehensive study of the cannabis market in the state. The study will examine multiple aspects of cannabis supply and demand, including both legal licensed businesses and the existing black market. Specifically, the research will analyze the current cannabis cultivation capacity (referred to as "canopy supply") for both medical patients and recreational consumers, forecast future consumption trends, evaluate the market price per pound of cannabis as a key consumer driver, and assess the CCC's current regulations regarding cultivation license tiers. The ultimate goal of the study is to provide recommendations on the appropriate number of new cannabis cultivation licenses that should be permitted annually based on projected market demand. The bill is presented as an emergency measure, suggesting that the legislature believes it is crucial to understand the current market dynamics to prevent potential market oversaturation that could put existing cannabis businesses at risk of failure.

Budget and Finance, Health and Social Services

https://malegislature.gov/Bills/194/S100