In newly legal states, there is a great money and a great potential for cannabis service and product suppliers, such as insurance professionals. According to Roy Bingham, co-founder of BDSA, a data analytics firm focused on the cannabis industry, mentioned, with Arizona, Montana, New Jersey, and South Dakota all passing adult-use initiatives and Mississippi passing a medical initiative, a clean sweep of state ballot initiatives could equate for approximately $6 billion in revenue over the next five years. The newly legal states could push legalization laws being considered in neighboring states, he added. “And that’s just the direct impact,” Bingham said. “That’s not the indirect impact of the fact that New York will follow suit with New Jersey and Connecticut.” Other states in the South are also likely to follow suit, he added.

Mmp News Author, Medical Marijuana Program Connection, 12/03/2020 02:34:00

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