Despite a delay in the U.S. House of Representatives vote for a bill that would seek to legalize cannabis at the national level, the legal cannabis market in the U.S. could be growing drastically in 2020 according to a newly published report. The new report from the cannabis market firm New Frontier Data highlights how state ballot measures slated for 2020 in five states — Arizona, Mississippi, Montana, New Jersey, and South Dakota — could be the green light for adding $9 billion dollars to the nation’s legal cannabis market. “The 2020 election could be one of the most consequential and historical events to change the landscape of the legal U.S cannabis industry,” New Frontier Data CEO Giadha DeCarcer said in a release. Many advocates argue that the upcoming state votes could have a more immediate impact on legal cannabis in the U.S. than the delayed House vote on the Marijuana Opportunity because of the projected revenue stream.
Cannabis Business Executive – Cannabis and Marijuana industry news, 09/24/2020 08:26:07