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Tom Adams on Radio Free Cannabis with Steve DeAngelo

Tom has been the most quoted analyst in leading business publications on the subject of the legal cannabis industry:


  • People are growing comfortable with buying cannabis products and integrating those purchases into their shopping patterns, (Adams) said, noting recent BDSA studies that showed increases in the number of adults who reported consuming cannabis in the prior six month period. “It’s just become a part of people’s lives more and more,” he said.
    CNN Business, February 18, 2020

  • Six months after Canada became the largest economy to legalize the recreational use of cannabis, retail sales have undershot expectations. “It’s a bit of a bummer.”
    The Wall Street Journal, April 13, 2019

  • “The bottom line is that there’s always been a robust illicit market in California — and it’s still there. Regulators ignored that and thought they could go straight into an incredibly strict and high-tax environment.”
    The New York Times, January 2, 2019

  • “At least 121,000 are already working directly in the nation’s home-grown marijuana industry, tending plants, trimming leaves and selling cannabis products to eager consumers.”
     USA Today, April 20, 2018

  • “The effort to protect the little guy is ultimately doomed. The retailers are going to have to get big or get out.”
     The New York Times, April 15, 2017

  • “There’s huge growth in the user base when you stop requiring people to get medical recommendations … when you have stores selling edibles and concentrates, and not just the dealer around the corner selling bags of weed”
     Business Insider, April 1, 2017

  • “Cannabis is a major industry already, but most of the trade is happening in illicit channels that are not being taxed and are not being regulated.”
     Leafly, March 18, 2017

  • “…substances and treatments that don’t have to go through the whole FDA process…but people are finding them to be helpful for a whole list of things. That could be where cannabis goes to.”
    Blunt, March 13, 2017

  • “The idea that this is just going to be easy money is just dead wrong.”
     Marketplace, September 20, 2016

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