During today’s trading session most marijuana stocks have continued to show upward momentum in the market. Some new IPOs like Silver Spike Acquisition Corp. (NASDAQ: SSPK) better known as Weedmaps have gained value throughout the week and are up over 6% in morning trading. As things progress throughout 2021 the U.S. cannabis industry is entering an era of growth and expansion across the country.
In reality, the next few years could bring massive changes to the legality of cannabis in the U.S. and on a global scale. At the present time in America federal reform has passed through the House of Representatives and has a good chance of passing in a Democratic-led Senate this year. In essence, this would mean the decriminalization of cannabis in the states and also federal reform in the current banking laws dealing with cannabis companies. Essentially this could be a huge growth catalyst for marijuana companies. Actually by 2025 analysts at New Frontier Data are predicting U.S. cannabis sales of $41.5 billion. In perspective, this would be almost double the current 2021 estimates.
Growth In The Flourishing Cannabis Industry
As the cannabis industry flourishes so will the leading marijuana companies that have been positioning themselves to capitalize off the growing market. In reality, some of the top cannabis companies have already begun to…
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During today’s trading session most marijuana stocks have continued to show upward momentum in the market. Some new IPOs like Silver Spike Acquisition Corp. (NASDAQ: SSPK) better known as Weedmaps have gained value throughout the week and are up over 6% in morning trading. As things progress throughout 2021 the U.S. cannabis industry is entering an era of growth and expansion across the country.
In reality, the next few years could bring massive changes to the legality of cannabis in the U.S. and on a global scale. At the present time in America federal reform has passed through the House of Representatives and has a good chance of passing in a Democratic-led Senate this year. In essence, this would mean the decriminalization of cannabis in the states and also federal reform in the current banking laws dealing with cannabis companies. Essentially this could be a huge growth catalyst for marijuana companies. Actually by 2025 analysts at New Frontier Data are predicting U.S. cannabis sales of $41.5 billion. In perspective, this would be almost double the current 2021 estimates.
Growth In The Flourishing Cannabis Industry
As the cannabis industry flourishes so will the leading marijuana companies that have been positioning themselves to capitalize off the growing market. In reality, some of the top cannabis companies have already begun to…
