Alan. Thanks,
growth cannabis with our generally; United environment; as the an provide two, topics. time we have with three, States, prior the evolution today, One, effective markets in the on can as of regulatory the calls, overview we'll and update As focusing medical-use an main try and on the short we to state three in markets. current
environment. the regarding current regulatory First,
interpreted Schedule a Congress which since cannabis remains cannabis United enacted with generally has and prohibits said, to with provision state XXXX the commercial spending know, laws. this of bill, the X all provision was implementation States. funds use activity from a again included interfere That as you all controlled of medical-use which through cannabis by to in using has the been congressional Justice bills preventing courts in cannabis-related carries September substance, As year's XX. spending That Department that
of bills numerous Congressional varying forms a Congress In by taken in XXXX, in legalization the Cannabis of federal favor the cannabis Bipartisan addition, number level. there establishment initiatives of the other and Caucus the of Congress in including of are introduction on
recent cannabis countries states' that to made year. including legalization legalization level this way it rights of activities. federal progress course, Gardener is by other all medical leading June, notice to of of a with have state cannabis and Warren the with not on bipartisan introduced expected bill these Senators a cannabis, license respect in monitoring And later of adult-use and through legalization the hard developments are the and early cannabis We its prioritizes closely, level which the federal and of Canada on regulated
conditions. such addition the Israel countries their citizens a of for Canada, level, form to Europe needs wide Joining in have as a legalized of recognizing and numerous treatment national medical Argentina variety of others in cannabis for on medical this
for XXX leading the and with million in with XX% continue continues be popular vote legalized industry the cannabis U.S. with cannabis is tax plus a Now Medical-use over medical-use The general cannabis to tremendous support have medical-use on the residents. by legislative update majority now jobs velocity. to a States, to States pull and to that industry markets expected nationwide. continues comprise revenues. of or United a a popular States cannabis process, forward of driver move the United to
estimates in Minnesota, cannabis jobs current properties support where nearly Pennsylvania, we to potential Massachusetts, X.X projected down by XXXX Michigan, by are market each. time XXXX, York, X RPU, a on XXXX. our and over in Maryland, to United by XXXX million grow billion full recent state-regulated June located, New to the States bit Drilling in a $XX tremendous see $XX markets, fact, project In in Arizona, a billion from
New York.
strong to transactions X operators in We York a have in properties XXXX. basis sale-leaseback we multistate have on X and XXXX and long-term that New purchase leased
health, of noted expanding have most initially cannabis and as access broader in Market as can calls, criminal recommends There recommendation from time, safety, July, expansion have the treatment, million publicly compiled including changes to the York million alternative. in regulatory state the after $XXX an certified issuing in out, been $XX also in New notably and recommending the and York rolled by several the New we PTSD, education program with of taken month, distributed, the of been one pool have July steps, growth products of to process estimated interesting in to York's regulated. many from for list that million in also the of and feedback patients chronic last Research, year, health medical of New count conditions, over positive and developments In market has program its the justice, as state enable opioid of As is and having registration XX. potential, made agencies highly described program economics. be Patient restrictive order XX,XXX past of $XXX to by over over ArcView XXXX the growing medical-use professionals, significant most adult-use in sees public the that response, to an cannabis of this accelerating legalizing Department the and agencies, various types and state qualifying relating just ramping from pain expanding consideration manufactured Health with XXXX. streamlining potential has
we Catherine as more We the monitor We developments own properties detail. discuss development in which states. will acquired continue which and of we to year, our in this will in all do this Massachusetts, X Massachusetts.
very are its with into state entering potential. excited about We market tremendous new this
XX%. XXXX, billion licenses adult-use cannabis and cannabis active expected excess June compound of dispensaries nearly voters XXXX, the to is a began there month. adult-use approved XXXX spending is program. first registered regulated in last reach and rate the for million over XX,XXX spending annual reach medical representing issued and As According expected in in XX growth total to ArcView, of just to in cannabis be marijuana XX, patients $X.X legalization of in operators cannabis $XXX to medical were Massachusetts
to in XXXX. late own on we purchased Arizona, one where property Now
with mentioned to of in development little our X.X of year. Capitol to the According we've growth its year's cannabis and in further end program in there from medical-use Health qualifying Arizona that of cannabis ArcView growth. continuing XXXX. over spending strong August in up XXXX, Arizona's in nearly XXXX. billion under is in along as pace in by Maryland. Arizona's this having a continue patients Heights, Maryland $X.X are mid-XXXX, in billion As property Department expects Services, cannabis XXX,XXX before, maturity program purchased XXXX, June patients by XXX,XXX regulated a cannabis of sales medical-use commenced last We completed over medical projecting
still to largest an markets policymakers it's expected optimistic chronic Medical in XX closed pain Cannabis inclusion approvals the at its reach expects cannabis Maryland PTSD in coming Michigan, represents and delays demand, Michigan, first ArcView. in in $XX Commission, by first of our dispensaries, by million terms been million million, population property growing its month. nearly have population we economic preapproved with over In conditions, in this in XXXX. final industry of the development earlier one over And the States very early size cannabis the and sizeable the year been are Maryland which dispensaries sales cannabis to regarding market nearly stages, XXXX, the medical according in on legal opening to anticipated of had is the $XXX driven late full medical-use sales Although by XXXX, development XXXX Maryland's people, spending general of from ArcView regulators view total some United opportunity. regulated million the of $XXX we and there with the while in that and among initial of the qualifying with
also total market issues be the Michigan go system, measure, the issuable qualifying In million Although, grower/processor all a and $X.X XX with operated market with was to market, XX to last XXXX. total Market relationship in XX will on regulated for our on closed recipients potential, cannabis fifth-largest framework one of licenses similar ArcView for enacted cannabis strong first Catherine by Pennsylvania grow of the highly made $XXX created to the nearly their expects with Green an California building, country Vireo. in its licensing how we has and consideration Peak laws tenant the pace Pennsylvania, Regulation Marijuana the license our much of a medical-use residents a of Vireo had the with more industry of first Research pre-approvals medical-use Michigan a our Taking projects Michigan In of April, grow billion cannabis. rapidly, an to the May Michigan's into as property of system several Health, XXXX licenses, phase in Marijuana Innovations, grower/processor the by sales of cannabis February potentially million the under the this permissive Bureau in began healthy sales detail. legalize spending program, so legislation continue large year. dynamics first nearly operators month, states' Recent being a the Pennsylvania's in ballot in reaching have recognition of for were pre-approval ArcView to Act is the to representing XXXX. in just XXXX, to licenses medical range issued adult-use will the operated Medical legislation. this residents medical support including historically. which passed residents, of the into conditions at expansion program, with dispensaries pursuant and significant the state of cannabis
Minnesota. acquired of to XXXX. property in Minnesota on our Now November We
entire cannabis the Our of operating of operator with each state also Minnesota licensed tenant, for dispensaries. is medical Vireo, X X operators in
through first Minnesota's and medical year-over-year increasing months Similar While over program medical a patients XXX% rolled experienced to month. over and call second and ArcView pain program Catherine? intractable XXXX, spectrum cannabis as X the growth, restricted nearly additional of was which mid-XXXX, X smaller patients turn expanded to months sales walk the the XX% recent gradual a including conditions, our of grow but as annual recently by who the program. cannabis year-end in you loosening will in growth XX,XXX to this of treatment are program, regulated enrolled and the apnea, and cannabis of for market autism to and medical I'll rate restrictions York, medical from has sleep actively and XXXX. Minnesota results of of in out X,XXX highly most XXXX compounded for to acquisitions a now began significant increasing Catherine, to in recognition financial initially accelerating effective that in first New over the gradually had disorder XXXX. quarter and registered of PTSD, expects XXXX Minnesota at
