Amendment ID: S2722-19-R1

Redraft Amendment 19

Supply and Demand Study

Mr. Payano, Ms. Miranda, Ms. Edwards and Ms. Kennedy move that the proposed new text be amended by adding the following section:-

“SECTION 52. The cannabis control commission shall conduct, or retain an outside expert in economic analysis to conduct, and publish a study on supply and demand in the cannabis market, including both the current legal and illegal markets. The study shall review: (i) current cannabis supplier trends; (ii) data on projected future trends of cannabis consumption; (iii) price sensitivity of marijuana consumers; (iv) access to capital for the creation and maintenance of legal cannabis business ventures in the commonwealth; and (v) current regulations on existing cannabis cultivation tiers. The study shall include recommendations for the appropriate number of licenses to enter the legal market each year based on current consumer demand. Not later than January 1, 2027, the commission shall submit a report of its study along with recommendations and any draft legislation to effectuate its recommendations to the clerks of the house of representatives and the senate and the joint committee on cannabis policy.".