“4/20 Cannabis Insights Poll” Reveals Majority of Americans Entered the State-Legalized Market within the Last 12 Months, and Now Believe Cannabis Has an Overall Positive Impact on Society, Economics and Jobs, Among Other Trends
BOCA RATON, Fla., April 18, 2022 (GLOBE NEWSWIRE) — Jushi Holdings Inc.
(“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically built-in, multi-state hashish operator, launched the outcomes of its inaugural “4/20 Cannabis Insights Poll,” which surveyed 1,100 hashish and non-cannabis customers within the U.S., 21 years or older. The nationwide ballot1 – carried out by the impartial market-research supplier Pollfish, commissioned by Jushi and overseen by Associate Professor at ArtCenter College of Design, Interaction Designer, Futurist and Jushi Experience Director Julian Scaff – revealed that greater than half of hashish customers tried “legal cannabis” for the primary time within the final 12 months. Furthermore, the bulk consider hashish has an total optimistic impression on society, financial progress and creation of high-quality native and nationwide jobs. The survey additionally examined the highest client product and hashish consumption developments rising within the sector.
“The results of our inaugural “4/20 Cannabis Insights Poll” are clear, client confidence in hashish is rising, as extra Americans enter the state-legalized market and are uncovered to the advantages of state legalization,” mentioned Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi. “With the majority of Americans now living in a state with a medical or adult-use program, misconceptions around cannabis are being shed. The latest data clearly shows more people are not only embracing cannabis in their own lives, but also seeing the value it brings to their communities. This poll shows views on the plant and legalization are trending in a positive direction, and we believe this trajectory will only strengthen in the coming years.”
The Plant, Policies and Legalization
Majority Supports Pro-Legalization Politicians: When folks figuring out as Democrats (33.4%), Republicans (25.4%), independents (24.0%), no political affiliation (12.5%) and different (4.8%) have been requested “do you agree or disagree with the following statement: Politicians who support cannabis legalization are more likely to get my vote,” 61.0% of the respondents acknowledged they have been extra prone to assist politicians who’re pro-legalization.
Three in Four Support Veterans’ Access to Medical Cannabis: When requested “how much do you agree or disagree with the following statement: The Department of Veterans Affairs should update its rules to allow veterans access to medical cannabis with a doctor’s prescription,” greater than 76.1% of the survey respondents acknowledged that they agreed2 the federal company ought to replace its guidelines to permit entry to medical hashish with a health care provider’s prescription.
Vast Majority Supports Equal Access to Banking: When requested “how much do you agree or disagree with the following statement: Federal banking restrictions should be lifted so that American cannabis companies can have equal access to banking services,” 67.6% agreed.
Majority Says Cannabis Is Important for Growing Local Economics: When requested “how much do you agree or disagree with the following statement: The cannabis industry is important for the local economy,” 62.6% agreed.
Majority Says Cannabis Sector Is Important to Growing the U.S. Economy: When requested “how much do you agree or disagree with the following statement: The cannabis industry is important for growing the U.S. economy,” 61.5% agreed.
More than Half Feel Cannabis Creates High-Quality Jobs for Americans: When requested “how much do you agree or disagree with the following statement: The cannabis industry creates high-quality jobs for Americans,” 56.6% agreed.
More than Half Feel Cannabis Has an Overall Positive Impact on Society: When requested, “how much do you agree or disagree with the following statement: “cannabis overall has a positive impact on society,” 59.0% agreed.
Consumption & Consumer Behaviors
67% Have Purchased Cannabis from a Dispensary: When requested “are you now or have you ever been a consumer of legal cannabis purchased from a dispensary,” 42.2% answered “yes, currently,” 24.7% “not now, yes in the past” and 33.1% replied “no.” After this query, hashish customers and non-cannabis customers have been break up into two teams for a number of questions.
Majority Tried Legal Cannabis for First Time within the Last Year: When hashish customers have been requested “did you try legal cannabis for the first time in the last 12 months,” nearly all of respondents answered “yes” (55.2%).
Medical Use Is the Top Driver for Cannabis Consumption: When hashish customers have been requested “what is or was your primary reason for using cannabis,” medical got here in at 31.4%, adopted by stress (22.4%), normal wellness (17.5%), recreation (15.9%) and sleep (12.8%).
Medical Would Be the Top Driver for Non-Cannabis Users: When non-cannabis customers have been requested “what is the primary reason you would want to try a cannabis product,” 26.1% selected medical, adopted by stress at 23.4%, which got here in neck-and-neck these stating that they’d not be excited by making an attempt a hashish product (23.1%). 10.7% answered they’d attempt for wellness, 8.5% for sleep and eight.2% for leisure use.
Non-Cannabis Users Most Interested in Edibles: When requested “what type of cannabis product would you be most interested in trying first,” non-cannabis customers answered as follows: Edibles (32.7%); I’m Not Sure (27.8%); Smoking (17.6%); Vaping (6.9%); Tincture (3.9%); Tablet (3.6%); Drink (3.0%); and Other (4.7%).
Most Cannabis Consumers Consume 1 to 2 Days a Week: 30.7% of hashish customers acknowledged that they devour hashish 1 to 2 days every week; 28.1% acknowledged day by day; 23.6% acknowledged 3 to 4 days every week; and 17.5% acknowledged 5 to six days every week.
Most Consume within the Evening: When requested “what times are you most likely to consume cannabis,” nearly all of respondents acknowledged “evenings” (28.8%), carefully adopted by 26.9% stating “whenever I need it.” 18.8% acknowledged “any time,” whereas 18.5% cited “weekends” and seven.1% selected “weekdays.”
Consumers Need More Education: When individuals (each customers and non-consumers) have been requested “how familiar are you with different cannabis flower strains,” 59.7% claimed that they have been a “novice” or “had a little knowledge” to “some knowledge,” pointing to the necessity for extra client training in regards to the plant.
1 The 4/20 Cannabis Insights Poll was independently carried out by Pollfish. All questions have been vetted for HIPAA compliance previous to launch. 1,100 respondents / 21+ / Gender-balanced. Questions lined points from hashish use to product preferences, social and political beliefs.
2 For questions with a sliding scale, the 4/20 Cannabis Insights Poll added responses for 4=Slightly Agree and 5=Agree to calculate the share of individuals agreeing with the assertion.
About Jushi Holdings Inc.
We are a vertically built-in hashish firm led by an industry-leading administration crew. In the United States, Jushi is concentrated on constructing a multi-state portfolio of branded hashish property by means of opportunistic acquisitions, distressed exercises and aggressive purposes. Jushi strives to maximise shareholder worth whereas delivering high-quality merchandise throughout all ranges of the hashish ecosystem. For extra info, go to jushico.com or BEYOND / HELLO™ on Instagram and Facebook.
Forward-Looking Information and Statements
This press launch comprises sure “forward-looking information” throughout the that means of relevant Canadian securities laws and might also include statements that will represent “forward-looking statements” throughout the that means of the protected harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking info and forward-looking statements should not consultant of historic details or info or present situations however as a substitute characterize solely the Company’s beliefs relating to future occasions, plans or goals, lots of which, by their nature, contain estimates, projections, plans, objectives, forecasts, and assumptions that will show to be inaccurate. As a consequence, precise outcomes might differ materially from these expressed by such forward-looking statements and such statements shouldn’t be relied upon. Generally, such forward-looking info or forward-looking statements might be recognized by means of forward-looking terminology comparable to “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such phrases and phrases or could include statements that sure actions, occasions or outcomes “may,” “could,” “would,” “might” or “will be taken,” “will continue,” “will occur” or “will be achieved”. The forward-looking info and forward-looking statements contained herein could embrace however should not restricted to, info regarding the expectations relating to Jushi, or the power of Jushi to efficiently obtain enterprise goals, and expectations for different financial, enterprise, and/or aggressive components.
By figuring out such info and statements on this method, the Company is alerting the reader that such info and statements are topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Company to be materially totally different from these expressed or implied by such info and statements. In addition, in reference to the forward-looking info and forward-looking statements contained on this press launch, the Company has sure expectations and has made sure assumptions. Among the important thing components that might trigger precise outcomes to vary materially from these projected within the forward- wanting info and statements are the next: the power of Jushi to efficiently and/or well timed obtain enterprise goals, together with with regulatory our bodies, staff, suppliers, prospects and opponents; adjustments on the whole financial, enterprise and political situations, together with adjustments within the monetary markets; adjustments in relevant legal guidelines; and compliance with in depth authorities regulation, in addition to different dangers and uncertainties that are extra totally described within the Company’s Management, Discussion and Analysis for the three months ended September 30, 2021, and different filings with securities and regulatory authorities which can be found at www.sedar.com. Should a number of of those dangers, uncertainties or different components materialize, or ought to assumptions underlying the forward- wanting info or statements show incorrect, precise outcomes could differ materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated.
Although the Company believes that the assumptions and components utilized in making ready, and the expectations contained in, the forward-looking info and statements are affordable, undue reliance shouldn’t be positioned on such info and statements, and no assurance or assure might be provided that such forward-looking info and statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such info and statements. The forward-looking info and forward-looking statements contained on this press launch are made as of the date of this press launch, and the Company doesn’t undertake to replace any forward-looking info and/or forward- wanting statements which can be contained or referenced herein, besides in accordance with relevant securities legal guidelines. All subsequent written and oral forward-looking info and statements attributable to the Company or individuals performing on its behalf is expressly certified in its entirety by this discover.
For additional info, please contact:
Investor Relations Contact:
Executive Vice President of Investor Relations
A photograph accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/724cf599-1ee2-4057-8a7f-04eb0d139df9
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