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State of cannabis industry report published

SIVA Enterprises Inc. (SIVA), a consulting and advisory firm in the cannabis industry, announced the publication of its 2024 report on the 'State of the Cannabis Industry.' This comprehensive report arrives at a critical moment as the industry grapples with internal divisions and stands on the precipice of anticipated federal reform.

The report is positioned as a read for policy makers, business leaders, analysts, and advocates alike, providing an in-depth analysis of current challenges, opportunities, and the evolving landscape of market dynamics without shying away from the difficult conversations.

Key topics covered in the report include:

  • Implications of federal reform and rescheduling of cannabis to a schedule III.
  • The current regulatory environment.
  • An in-depth analysis of social equity programs and why they're failing
  • Role of organized labor unions in the cannabis industry.
  • Multi-State Operators (MSOs) and the public markets.
  • Policy, politics, and cannabis – The disconnect between promises and action.
  • Direct messages to both political parties and the DEA.

"In compiling this report, our aim was to cut through the noise and offer a clear, comprehensive analysis of the cannabis industry at a decisive moment in its history," said Avis Bulbulyan, Chief Executive Officer of SIVA. "With the industry at a crossroads and federal reform within sight, understanding these critical elements is more important than ever for anyone with a stake in the future of cannabis."

The 'State of the Cannabis Industry Report' meticulously examines the complex ecosystem of the cannabis industry, highlighting key issues and outlining the significant potential of the industry, both as a driver of job creation and as a source of substantial tax revenue.

The 'State of the Cannabis Industry Report' is now available for download here. "We invite all interested parties to explore the findings and engage in the broader conversation about the future of cannabis in America and beyond," SIVA adds.

For more information:
SIVA Enterprises

Publication date: