Cannabis Stocks Could See Higher Highs in 2021Source from: MARIJUANA INDEX
January 26, 2021 - 5:11 AM EST
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. “The latest data are from a Sept. 30-Oct. 15 poll, conducted before the election that saw marijuana legalization proposals on the ballot in several states. Voters in all of these states - Arizona, Montana, New Jersey, and South Dakota -- authorized the legal use of recreational marijuana in the Nov. 3 election. They join 11 other states and the District of Columbia in legalizing pot for recreational purposes.”
Over the next five years, analysts at Nielsen say CBD products could generate $6.9 billion over the next five years. Globally, Global Insights analysts say the market could generate $89 billion over that time. However, that’s just a small part of the story. With a new Administration heading to the White House, coupled with Democrats in control of Congress, there’s a higher likelihood of broad cannabis legalization.
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