LAS VEGAS – Meaningful action in both marijuana banking reform and the federal scheduling of cannabis are both on the table in 2023, according to MJBiz CEO Chris Walsh.
Walsh shared his predictions for the coming year on the Main Stage at MJBizCon on Wednesday:
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1. There will be tangible consolidation in some key U.S. markets.
The marijuana industries in California and Michigan will likely consolidate next year, according to Walsh.
“There’s going to be a culling,” he said of the cluttered, competitive markets.
But that also hinges on federal marijuana reform not happening, which, if it did, could change the game “significantly” by opening up new opportunities for licensed companies in those states.
2. New York’s illicit market will be tough to contain after adult-use marijuana is launched.
A recreational market is still scheduled to launch in New York sometime this year, but in the
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