Andrew Livingston Discusses Cannabis Administration and Opportunity Act on The Green Rush Live
Aug 18, 2021
VS director of economics and research, Andrew Livingston, joined The Green Rush Live to discuss the Federal CAO Act and more.
Economics & Research
Vicente Sederberg LLP's proprietary projection models and comprehensive knowledge of the laws that structure cannabis markets enable us to offer a broad range of customizable research and analytical services that deliver valuable insights to private and public sector clients, providing them with a data-driven basis for their business or policy decisions.
In addition to informing clients' business and product development decisions, our patient projections and demand models have contributed to winning medical marijuana business license applications in many of the nation's most competitive state licensing processes, including Florida, Hawaii, Maryland, New York, North Dakota, Ohio, and Pennsylvania.
We have been developing detailed models to understand cannabis market dynamics since well before the nation's first legal adult cannabis sales. Our team members have spent years researching and shaping medical and adult-use cannabis markets in the U.S. and internationally, earning VS a reputation as a go-to source for businesses, trade associations, governments, and media members seeking reliable information and analysis.
LEADERSHIP
Services
Select a category below to learn more about our economic and research services.
- Statewide economic projections of medical and adult-use cannabis markets
- Demand forecasting for state cannabis programs
- Business pro forma creation and review
- Tax revenue projections for local governments and new cannabis initiatives
- Supply and demand modeling to predict market capture and opportunities for growth
- Analysis of competitor market penetration based on publicly available data
- Growth projections for specific cannabis product categories and market segments
- Patient population growth models in medical states
- National research on regulatory issues facing different cannabis products and services
- Strategic guidance identifying states and municipalities where market conditions provide optimal business opportunities
- Epidemiological research to estimate patient statistics
- Multilayered analysis of local governments’ zoning locations for business development
- Research on trends for new cannabis products and services
Experience
- Projected market size and designed business pro forma for clients who submitted successful licensing applications in more than a dozen highly competitive markets, including Arkansas, Connecticut, Florida, Maryland, New York, North Dakota, Ohio, and Pennsylvania
- Creating multiple comprehensive models and detailed written analysis for Massachusetts adult-use market demand, supply and licensing to evaluate entrance strategy
- Evaluated market demand and past corporate deals to identify potential edible product licensing partners in Florida
- Designed models to understand seasonal market demand on the island of Nantucket for successful retail store license
- Performed in-depth corporate analysis of multi-state cannabis operators to guide strategic due diligence for potential national licensing partners
People
News
Adult-Use Cannabis in Montana: Summary of the I-190 Implementation Bill
By Colleen Mitchell, Tucker Wentz
Jun 9, 2021
Montana lawmakers recently approved HB 701, which outlines key aspects of the framework that will govern the Treasure State’s new cannabis program.
Andrew Livingston Discusses Drug Policy and Cannabis Industry Economics on Canna Guys Podcast
Apr 28, 2021
VS director of economics and research Andrew Livingston recently talked about U.S. drug policy and cannabis industry economics with the Canna Guys.
Andrew Livingston to Participate in Cannabis Market Economics Seminar with Informed Texas
Mar 1, 2021
On March 6, 2021, Andrew Livingston will participate in the virtual event "Economics of a Regulated Cannabis Market," presented by the nonprofit cannabis advocacy organization Foundation for an Informed Texas.
Andrew Livingston Discusses Cannabis Jobs and Social Equity on Marijuana Today Podcast
Feb 26, 2021
VS's director of economics and research featured on Episode 346 - Jobs, Jobs, Jobs!
[Webinar] Exploring Cannabis Legalization in the Tri-State Area
Feb 4, 2021
A look into cannabis legalization, markets, and opportunities in New Jersey, New York, and Connecticut.
Weed Wonks Episode 51: Canabis Economics with Andrew Livingston and Adam Orens
Dec 11, 2020
Adam Orens of MPG Consulting joins the podcast to talk about cannabis sales and other economic data.
Cannabis in the 2020 Election: Where Did We Win?
Nov 11, 2020
Josh Kappel and Charlie Alovisetti give a post-election update for investors in this CanopyBoulder Investor Hub event.
The Impact of COVID-19 on the Cannabis Industry
By Charles Alovisetti, Sahar Ayinehsazian, Andrea Golan
Nov 5, 2020
The coronavirus and efforts to contain it have led to changes in the regulatory landscape and consumer behavior that are likely to shape the cannabis industry moving forward. In spite of COVID-19, or perhaps because of it, the cannabis industry is thriving, and will continue to do so as long as demand remains strong and operators adhere to the rules and regulations designed to keep consumers and employees safe.
The Economic Benefits of Regulating and Taxing Cannabis in Texas
By Andrew Livingston, Shawn Hauser, Dwight Clark, Mason Tvert
Oct 21, 2020
Texas could see more than half a billion dollars in annual tax revenue and tens of thousands of new jobs if it legalizes cannabis, a VS analysis finds.
Analysis: Potential Commercial Cannabis Demand, Sales and Tax Revenue in Vermont
By Andrew Livingston
Aug 12, 2020
This economic report, produced on behalf of the Marijuana Policy Project, examines the potential tax revenue associated with S.54, the Vermont bill to regulate and tax cannabis sales.
Illinois Cannabis: Regulatory Update for Investors with Jerrico Perez and CanopyBoulder
Jul 27, 2020
Join VS attorney Jerrico Perez on the CanopyBoulder Investor Hub for information on the state of the Illinois market and where the opportunities lie for investors.
Missouri Cannabis: Regulatory Update for Investors with Carl Werner and CanopyBoulder
Jul 17, 2020
Watch this interview with Carl Werner on the CanopyBoulder Investor Hub for information on the state of legal cannabis in Missouri and where the opportunities lie for investors.
Andrew Livingston Discusses Cannabis and COVID-19 on Thinking Outside the Bud Podcast
Apr 15, 2020
Andrew Livingston discusses what's going on in the cannabis markets during the coronavirus crisis and implications for the cannabis industry in the coming months with host Bruce Eckfeldt.
Andrew Livingston Examines the Economics of Cannabis in a Recession with CanopyBoulder
Apr 8, 2020
Andrew Livingston talks about cannabis economics during the coronavirus crisis in this CanopyBoulder Investor Hub event.
Weed Wonks Episode 10 - Oklahoma! With Dwight Clark
Feb 19, 2020
VS political analyst, technical writer, and former Oklahoman, Dwight Clark, sat down with the Weed Wonks to discuss the current nature of cannabis in Oklahoma, how its MMJ legalization drastically differed other states, and how their regulatory rollout of MMJ could shape other state's legalization efforts going forward.
Legal Adult Cannabis Sales in Massachusetts Surpass Half a Billion Dollars Since Legalization
Feb 12, 2020
Legal adult cannabis sales in MA have surpassed half a billion dollars and raised approximately $100 million in tax revenue since they commenced in 2018. Check out our analysis of the state data.
Colorado Marijuana Revenue Surpasses $1 Billion
Jun 17, 2019
In the Media
- Marijuana Business Daily, "Vermont’s Focus on Small Marijuana Growers Could Cause Supply Issues with Adult-use Rollout," November 1, 2021
- Westword, "Colorado Reassessing Marijuana Taxes in Anticipation of Federal Legalization," October 25, 2021
- Above The Law, "In the Market For Cannabis Counsel? Don’t Pay Your Lawyers To Learn On The Job!," October 8, 2021
- Jacksonville Business Journal, "Where Florida's Medical Marijuana Market Is Going," September 25, 2021
- Marijuana Business Daily, "Legal Challenges to State Cannabis Ballot Measures: What Businesses Should Know," September 15, 2021
- Columbia Law School, "Complex and Cutting Edge, Cannabis Law Is New Ground for Columbia Law Alumni," September 13, 2021
- Pro Cannabis Media Youtube, "The Business of Cannabis from the Experts! On In the Weeds," June 29, 2021
- Marijuana Business Daily, "Why Red Oklahoma Is Home to a Booming Medical Marijuana Market," June 28, 2021
- WholeFoods Magazine, "The Legality of Sustainability, CBD, and Quality Standards: Highlights from ACI/CRN’s Forum," June 23, 2021
- Marijuana Venture, "New California Compliance Study," June 21, 2021
- Westword, "Boulder Considering Heavy Tax on Marijuana Vaporizers," June 17, 2021
- Law360, "DEA Opens The Door To Pot Research. Is Legalization Next?," May 28, 2021
- High Times, "New Analysis Shows Tax Revenue from Cannabis in the Billions," May 27, 2021
- Forbes, "Two Cannabis Pioneers Talk Federal Legalization," May 21, 2021
- Hemp Industry Daily, "Delta-8 THC a ‘market Response’ to Lack of FDA Guidance on CBD, Hemp Industry Says," May 18, 2021
- Marijuana Business Daily, "DEA Close to Allowing Companies to Grow Cannabis for Scientific Research," May 18, 2021
- Science Magazine, "U.S. Set to Allow More Facilities to Produce Marijuana for Research," May 17, 2021
- Cannabis.net, "America's Love Affair with Cannabis - $17.5 Billion in Legal Marijuana Sales and Counting," May 14, 2021
- Marijuana Today, "Episode 356 – Weed Wonks speaks with Congressman Earl Blumenauer," May 4, 2021
- Greenway, "Delta-8 Legality Map," May 3, 2021
- Thinking Outside The Bud Podcast, "Episode 252 - Josh Kappel," April 28, 2021
- JD Supra, "What is a Cannabis REIT?," April 26, 2021
- Marijuana Business Daily, "New York’s Marijuana Social Equity Program Eyed as Possible Game Changer," April 23, 2021
- KVNF Radio, "Local Motion: 420 Edition," April 21, 2021
- 420 Intel, "What National Marijuana Legalization Would Mean for Colorado," April 20, 2021
- Mic Media, "Legal Weed Packaging Is Wrecking the Planet. What Are We Going to Do about It?," April 19, 2021
- JD Supra, "5 Things You Need to Know Before Entering the Cannabis Industry," April 19, 2021
- News 10 - Albany, "Glimpse into New York’s Future Marijuana Economy," April 9, 2021
- Marijuana Business Daily, "Cannabis Companies Anticipate Added Sales Bump with New round of Stimulus Checks," March 19, 2021
- WJCT-TV Online, "Those Opposing THC Medical Marijuana Cap Say It Will Force Patients to Buy More," March 10, 2021
- Let's Talk Hemp, "COVID-19 Relief Vape Laws May Be Disrupting Hemp Shipping," March 3, 2021
- State of Politics, "What New Jersey's Cannabis Law Could Mean for New York," February 25, 2021
- Marijuana Today Podcast, "Ep. 346 - Jobs, Jobs, Jobs!," February 23, 2021
- Denver Business Journal, "Cannabis Hospitality Could Be a Downtown Denver Game-changer - If Entrepreneurs Can Find a Place to Open a Shop," February 13, 2021
- WIVB4 Buffalo, "Is This the Year New York Legalizes Recreational Cannabis? Everyone Seems to Think So," February 8, 2021
- S&P Global Market Intelligence, "Cannabis Company Valuations Rise as U.S. Reform Efforts Accelerate," February 8, 2021
- CT Examiner, "Connecticut Lags Behind Neighbors in Marijuana Efforts, Say Industry Experts," February 5, 2021
- Marijuana Business Daily, "Cannabis Sales Records Smashed or Set in 2020, and Insiders Expect the Gains to Continue," January 22, 2021
- WeedWeek, "Status Update: Arizona," January 21, 2021
- Fyllo, "Vicente Sederberg Streamlines Regulatory Research," January 20, 2021
- Bloomberg Law, "Sin Taxes in the South," January 19, 2021
- Marijuana Moment, "Scientists Cite Obscure Federal Marijuana Memo in Scheduling Case Against DEA," January 1, 2021
- The Denver Post, "Marijuana Delivery, Social Equity Reform and Other Colorado Cannabis Trends to Watch in 2021," December 29, 2020
- Marijuana Moment, "DEA Asks Federal Court to Dismiss Marijuana Rescheduling Lawsuit—again," December 2, 2020
- Texas Hill Country News, "Ag Commissioner Supports Expanded Medical Cannabis in Texas," December 1, 2020
- Marijuana Business Daily, "Growing Markets Lift Multistate Cannabis Operator Earnings as Many MSOs Turn the Corner," November 25, 2020
- Killeen Daily Herald, "Killeen-heights Residents React to Bill That Would Legalize Marijuana," November 20, 2020
- Cannabis Business Times, "What’s next for the Five States That Legalized Cannabis in the 2020 Election?," November 18, 2020
- Weed Week, "CannaBiz Can Lead in Environmental Sustainability: Report," November 18, 2020
- HoustonPress, "Could Texas Make Weed Legal in 2021? Not If Dan Patrick Doesn't Loosen-up, Advocates Say," November 16, 2020
- Broward-Palm Beach New Times, "Four States Just Legalized Weed. Is Florida Next?," November 12, 2020
- Marijuana Today Podcast, "Episode 329 – Drugs Just Won the War on Drugs," November 9, 2020
- JD Supra, "Part 2: Fourth Annual State of the Cannabis Industry Conference – Roadmap to Restructuring and Workouts in the Cannabis Industry," November 9, 2020
- Bloomberg Law, "Professional Perspective: The Impact of COVID-19 on the Cannabis Industry," November 5, 2020
- Marijuana Business Daily, "Here’s How to Get the Best ROI in Potential New Cannabis Markets," November 1, 2020
- Real Money, "New York Lays the Groundwork for Legalizing Cannabis," October 29, 2020
- The Leaf Online, "Legalization Could Be Financial Bonanza for Texas," October 28, 2020
- Cannabis Business Times, "Virginia and Missouri Launch Medical Cannabis Sales, New York Governor Renews Adult-use Legalization Push: Week in Review," October 24, 2020
- High Times, "Report Finds Legal Cannabis Could Bring Texas $500m in Annual Tax Revenue," October 22, 2020
- NORML, "Texas: Analysis Estimates Legalizing the Cannabis Market Could Create 40,000 Jobs, save $311 Million in Criminal Justice Costs," October 22, 2020
- Dallas Observer, "Legalizing Weed Would Make Texas $500 Million a Year in Tax Revenue, New Report Says," October 22, 2020
- Marijuana Moment, "Marijuana Legalization in Texas Would Generate Billions in Tax Revenue, New Economic Analysis Shows," October 20, 2020
- PotNetwork, "Legal Cannabis Could Be a Boon to Texas Says New Report," October 19, 2020
- Cannabis Business Times, "Analysis: If Texas Legalizes Cannabis, It Could Collect More than Half a Billion Dollars per Year in New Tax Revenue," October 19, 2020
- Marijuana Business Daily, "Impending Adult-Use Marijuana Program Will Test "Made in Vermont" Ethos," October 14, 2020
- PotNetwork, "Vermont Legislature Legalizes and Regulates Adult-Use Cannabis," October 8, 2020
- InvestorIdeas, "Vermont Passes Legislation to Regulate Cannabis for Adults," October 8, 2020
- Marijuana Moment, "Scientists Demand DEA Reconsider Marijuana’s Federal Status in New Court Briefing," October 2, 2020
- Business Insider, "Lawyers Who Specialize in Cannabis Are Eyeing the Burgeoning Psychedelics Industry as Companies Studying Magic Mushrooms Go Public," September 30, 2020
- Vice, "How the US Weed Edibles Scene Compares to Canada," September 29, 2020
- Marijuana Business Daily, "New Wave of Multistate Marijuana Operators Hope They Have the ‘secret Sauce’ to Succeed," September 16, 2020
- Mountain Times, "Economic Report Shows Potential for Higher Revenue If Lawmakers Finalize Bill to Regulate and Tax Cannabis," September 9, 2020
- NJ.com, "With Cannabis Legalization on the Ballot, Towns Are Weighing Their Options, Experts Say," August 31, 2020
- Forbes, "Pennsylvania Banks on Marijuana Legalization to Help Pandemic Budget Crisis. Here’s Why It Won’t Work (and Why That’s a Problem)," August 25, 2020
- NJ.com, "Is Marijuana Right for Your Town? Industry Insiders Discuss How Legalizing the Plant Would Impact Communities at This Tuesday Forum," August 24, 2020
- Law360, "9th Circ. Denies DEA Bid To Dismiss Pot Rescheduling Case," August 19, 2020
- Marijuana Moment, "Vermont Bill to Legalize Marijuana Sales Finally Scheduled for Key Meeting," August 18, 2020
- mg Magazine, "Marijuana Policy Project: Vermont Economic Report Shows Revenue Potential," August 14, 2020
- Crain's Detroit Business Online, "Weed Industry Thrives in Covid-19 Economic Drought," August 8, 2020
- Heady Vermont, "New Economic Report Highlights Potential Tax and Regulate Revenue in Vermont," August 5, 2020
- Marijuana Business Daily, "As Federal $600 Weekly Jobless Benefit Expires, Cannabis Sales at Risk," July 31, 2020
- CannabisWire, "Today, Texas' Cannabis Industry Is Tiny. Cannabis Giants See Potential.," July 27, 2020
- Global Cannabis Compliance Podcast, "Why DOJ Released a Confidential Memo on Marijuana Research," June 2, 2020
- Marijuana Business Daily, "Oklahoma's Business-friendly Medical Cannabis Program Has Room to Grow, Experts Say," May 18, 2020
- Marijuana Moment, "Trump Admin Could Let Researchers Study Marijuana Dispensary Products, Scientist Argues after DOJ Memo Released," May 1, 2020
- Boston Globe, "US Marijuana Research Policy Violated International Law for Decades, DEA Lawsuit Memo Reveals," April 30, 2020
- NBC News, "One Doctor Vs. The DEA: Inside the Battle to Study Marijuana in America," April 29, 2020
- Thinking Outside The Bud, "Thinking Outside The Bud Episode 112," April 15, 2020
- Crain's Detroit, "Flower Power: C3 Industries Targets Quality Over Quantity in Competitive Cannabis Market," April 5, 2020
- Cannabis Wire, "Florida: Cannabis Companies Spent Big to Lobby in 2019. What About 2020?," March 30, 2020
- Marijuana Moment, "DEA Unveils New Rule To Finally Allow More Marijuana Growers For Research," March 20, 2020
- Marijuana Business Daily, "Wholesale Cannabis Flower Prices in Massachusetts Climb on Mounting Demand, Slugish Supply," March 16, 2020
- Chicago Tribune, "Illinois Has a Major Supply Shortage of Legal Cannabis. Could a Pipeline to Buy Product from Other States Help?," March 10, 2020
- Science Magazine, "After 4-year Delay, DEA Will Review Dozens of Requests to Grow Marijuana for Research," March 3, 2020
- Benzinga, "The Nine Foundational Pillars of Cannabis Markets," February 4, 2020
- Merry Jane, "Massachusetts Has Already Topped $500 Million in Legal Cannabis Sales," February 3, 2020
- Boston Business Journal, "Packies Argue More Beer, Wine Sellers also Mean More Pot Shops," January 13, 2020
- Law360, "Amid FDA Warning, Hemp Companies Rethink CBD," January 13, 2020
- PR Newswire, "Burns & Levinson and Vicente Sederberg Announce Nationwide Collaboration to Provide One-Stop Legal Services to Cannabis Industry," December 9, 2019
- Crain's Detroit Business Online, "Opt-Outs, High Prices Keep Conditions Strong for Marijuana Black Market," December 1, 2019
- Marijuana Business Daily , "More Medical Cannabis Companies Bolster Operations in Lucrative Florida Market Following Smokeable Flower Ban Repeal," November 11, 2019
- NORML, "Why Dr. Sue Sisley Sued the DEA for Stonewalling Cannabis Research," September 20, 2019
- Michigan Public Radio, "Researching Medical Marijuana May Soon Get Easier," August 27, 2019
- Think Progress, "The DEA Just Made a Huge Change to How the Government Treats Medical Marijuana," August 26, 2019
- Leafly, "Wasn’t the DEA Going to Let Others Grow Research-grade Cannabis?," August 19, 2019
- The San Diego Union-Tribune, "Oregon has too much cannabis. Two laws may help the state manage its surplus.," June 24, 2019
- DOPE Magazine, "How Far Does Colorado’s Tax Money Go?," June 3, 2019
- Marijuana Today Podcast, "Pushing the Frontier of Drug Legalization," May 16, 2019
- Digital Journal, "U.S. Cannabis Investors Need to Keep an Eye on Banking Access," March 11, 2019
- Times-Herald Record, "Legalization of pot could have NY on an economic high," January 26, 2019
- Big Buds Mag, "The Pleasant Pot Peninsula: Will Michigan’s Cannabis Industry Eclipse California’s?," August 2, 2018
- PodCONX, "PodCONX: Marc Ross,"