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The Cannabis Industry In 2021

In general, 2021 started off phenomenal for top marijuana stocks. After reaching new highs in February most cannabis stocks have declined back to December 2020 levels. Because of this reduction in value, many analysts are predicting much higher price targets for pot stocks in 2021. In the US the cannabis industry is expanding at a rapid rate with more states opting into some form of legal cannabis program.

Currently, 36 states now have implemented medical cannabis markets and 16 plus DC have established recreational use. This number has grown substantially in the past two years and continues to expand as the year progresses. One area that is seeing significant revenue growth in their latest earnings is US cannabis companies. In 2021 most have reported significant increases in revenue for Q1 and are also giving strong 2021 revenue guidance.

In general, the US cannabis market is predicted to be the largest in the world. According to a BDSA forecast, US sales are expected to reach $41.3 billion by 2026. Globally cannabis sales are expected to grow from $21.3 billion in 2020 to $55.9 billion in 2026. By these figures, the US cannabis market makes up the majority of cannabis sales worldwide.

US Cannabis Companies And The US Marijuana Market

As it stands many US companies are positioning themselves to capitalize on the growing industry. In the next five years, these companies could deliver strong earnings and large returns for investors. But before…

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The Cannabis Industry In 2021

In general, 2021 started off phenomenal for top marijuana stocks. After reaching new highs in February most cannabis stocks have declined back to December 2020 levels. Because of this reduction in value, many analysts are predicting much higher price targets for pot stocks in 2021. In the US the cannabis industry is expanding at a rapid rate with more states opting into some form of legal cannabis program.

Currently, 36 states now have implemented medical cannabis markets and 16 plus DC have established recreational use. This number has grown substantially in the past two years and continues to expand as the year progresses. One area that is seeing significant revenue growth in their latest earnings is US cannabis companies. In 2021 most have reported significant increases in revenue for Q1 and are also giving strong 2021 revenue guidance.

In general, the US cannabis market is predicted to be the largest in the world. According to a BDSA forecast, US sales are expected to reach $41.3 billion by 2026. Globally cannabis sales are expected to grow from $21.3 billion in 2020 to $55.9 billion in 2026. By these figures, the US cannabis market makes up the majority of cannabis sales worldwide.

US Cannabis Companies And The US Marijuana Market

As it stands many US companies are positioning themselves to capitalize on the growing industry. In the next five years, these companies could deliver strong earnings and large returns for investors. But before…



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