New Frontier Data Report Shows Passed Cannabis Legalization Initiatives and the Pandemic Increase Consumer Consumption, Igniting Flourishing Industry
/EIN News/ — Washington, Dec. 09, 2020 (GLOBE NEWSWIRE) — New Frontier Data, the most trusted authority in cannabis data, analytics and business intelligence worldwide, released a new report, Cannabis in America for 2021 & Beyond: A New Normal in Consumption and Demand, a special update to the U.S. Cannabis Report: 2020-2021 Industry Outlook. This revised study reflects the resized market projections following the passing of six cannabis ballot initiatives in five states and an analysis of cannabis consumer behaviors driven by the COVID-19 pandemic. Presented in partnership with Merida Capital Holdings, a leading private equity firm and operating company in the cannabis space, with investments in medical and adult use production, dispensing, infrastructure, data and technology, the updated study examines the economic impact resulting from increased demand, consumption and legalization.
“History is happening before our eyes as the events of 2020 are fundamentally redefining the U.S. cannabis market and will continue to do so for years to come,” said Giadha A. DeCarcer, founder and CEO of New Frontier Data. “The pace and scale of growth the industry is experiencing is a…
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