Post by
prone on Jul 17, 2024 10:50am
More good news.....
The cannabis market in the United States has experienced significant growth in recent years, driven largely by an increasingly favorable legal environment.
Since Colorado and Washington first legalized recreational marijuana in 2012, numerous states have followed suit, with 23 states and the District of Columbia now allowing adult-use cannabis as of 2023.
This trend has fueled a burgeoning industry, with legal cannabis sales reaching $24 billion in 2021, a sharp increase from the $8.5 billion reported in 2017.
Analysts project that the U.S. cannabis market could surpass $45 billion by 2025, supported by ongoing state-level legalizations and potential federal reforms.
This rapid growth highlights the expanding acceptance of cannabis and its economic potential, with more states considering legalization to boost tax revenues and create jobs
Comment by
QContinuum1 on Jul 17, 2024 11:01am
These predictions are meaningless as they have nothing to do with the market LABS is focused on. Now if LABS surprises us and announces some partnership or JV or even equity stake with some powerful US based outfit, then yes, this type of trend is good news.