Reliable Lighting for Commercial Cannabis Production: Three Disciplines That Ensure Highly Reliable Grow Lights - Get the Free Report

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A Global Look at ‘Legacy’ Markets and Policy | Cannabis Business Times

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A Global Look at ‘Legacy’ Markets and Policy

How small and legacy hemp and cannabis farmers are defined and faring in cannabis markets around the world.

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HubbardSteve | Adobe Stock

Marguerite Arnold

December 12, 2022

No matter the exact cause, from post-COVID economic volatility to the marked financial doldrums of cannabis stocks, there are signs that support for the “legacy farmer” is on an upswing.

Legacy farmers are proving to be an enduring competition for the regulated and certified market. According to the 2021 International Cannabis Policy Study, about 43% of all American cannabis sales still go to the illicit market, although this figure varies greatly by state. Calculations based on total consumption and legal sales suggest that between 60% and 75% of the sales in California, for example, are not coming from the regulated legal sector of the industry but, rather, legacy farmers supplying the illicit market.

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