The U.S. Drug Enforcement Administration's reclassification of marijuana could transform it into a regulated legal medicine, prompting states to either restrict or manage its sale.
Twenty-six states face a pivotal choice about cannabis regulation in the wake of the DEA's reclassification, with some like North Carolina poised for automatic legalization.
With over a decade of experience, Colorado and Washington showcase different regulatory models—Colorado fostering competition and Washington limiting retail for higher prices.
Contrary to expectations, despite Colorado's more competitive market, marijuana prices in 2022 were slightly higher than in Washington, pointing to complexities in pricing dynamics.
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