The cannabis industry has been on a progressive incline for the last few years and 2021 is no exception. In fact, this year looks set to be one of the most successful years for cannabis reform in the United States so far. Among the many recent developments that are occurring in the industry, such as the Drug Enforcement Administration’s (DEA) push to review cannabis research applications and the House-approval of cannabis-focused spending legislation, the legalization of recreational cannabis in four particular states is having a profound impact on the industry at large. Rather than a ballot initiative, Connecticut, New Mexico, New York, and Virginia legalized the plant for adult-use purposes via a legislative process. They follow in the footsteps of Vermont, which became the first legislative-driven legal cannabis state back in 2018. Collectively, the four aforementioned newly legal states are projected to earn $4.5 billion in annual sales by the fourth year of operation.

Posted By, Cannabis Central, 09/09/2021 08:00:00

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