For as crazy as 2020 has been, it was another banner year for the cannabis industry and U.S. marijuana stocks. That’s because the November election yielded a green sweep. As of today, 36 states have waved the green flag on medical cannabis, with 15 also allowing for the adult-use consumption and/or retail sale of marijuana.
However, this story isn’t finished. With national pollster Gallup finding that favorability toward U.S. legalization hit a new all-time high in 2020 of 68%, it’s only logical to expect new states to push for medical or adult-use legalization in the upcoming year. Although 2021 isn’t a big year for elections, the following three states are, in my view, the most likely to go green.
Image source: Getty Images.
New York
This might finally be the year that New York, a potential multi-billion dollar market for cannabis, legalizes recreational marijuana.
Back in 2019, lawmakers in the Empire State came very close to rolling out the red carpet for adult-use weed. Discussions regarding recreational legalization hit a snag when some members of New York’s Legislature disagreed on certain social equity factors, such as the expungement of previous convictions for possessing…
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For as crazy as 2020 has been, it was another banner year for the cannabis industry and U.S. marijuana stocks. That’s because the November election yielded a green sweep. As of today, 36 states have waved the green flag on medical cannabis, with 15 also allowing for the adult-use consumption and/or retail sale of marijuana.
However, this story isn’t finished. With national pollster Gallup finding that favorability toward U.S. legalization hit a new all-time high in 2020 of 68%, it’s only logical to expect new states to push for medical or adult-use legalization in the upcoming year. Although 2021 isn’t a big year for elections, the following three states are, in my view, the most likely to go green.
Image source: Getty Images.
New York
This might finally be the year that New York, a potential multi-billion dollar market for cannabis, legalizes recreational marijuana.
Back in 2019, lawmakers in the Empire State came very close to rolling out the red carpet for adult-use weed. Discussions regarding recreational legalization hit a snag when some members of New York’s Legislature disagreed on certain social equity factors, such as the expungement of previous convictions for possessing…