The legal cannabis industry could skyrocket to $100 billion in the US alone in a decade - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Canada News News

The legal cannabis industry could skyrocket to $100 billion in the US alone in a decade

The bill set for a vote in the US House of Representatives is called the Marijuana Opportunity Reinvestment and Expungement Act, or the "." It would end criminal penalties for anyone who sells cannabis in states where that's legal, decriminalize the use of cannabis throughout the US, and formally allow states to chart their own course in establishing commercial marijuana sales.

That growing acceptance could help turn cannabis into a $100 billion market, by revenue, in the next ten years, according to analysts at Cowen. The analysts projected growth in legal sales and illicit sales to give a picture of what the total market could look like in the US by 2030 if marijuana is federally legalized.Results from a recentshow that 68% of Americans support marijuana legalization. Among 18 to 29-year-olds, that figure rises to 79%.

Some activists and cannabis industry experts say it's a matter of when, not if, the US federal government finally takes action on marijuana decriminalization or legalization, whether it's a version of the MORE Act that becomes law or a different piece of legislation.The ultimate guide to marijuana legalization: Here are all the states that passed cannabis reform, the key dates to know, and which stocks could benefit the most.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Green deal looking good

CarverJohns Time to Invest!!

If the Federal Government would simply change the classification of Marijuana and not make it a crime to have it, each State could reap the profits generated by an uptick of medical prognosis’s and its proven benefits.

Federal legalization would also create a TON of jobs LegalizeIt

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the tragic last months of ex-Zappos CEO Tony Hsieh - Business InsiderTony Hsieh sold Zappos for $1.2 billion in his 30s. He was dead by 46. Inside his final Park City months, where he hoped to deliver more happiness as he spiraled.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'People are seriously pissed': Inside Google firing a top AI ethicist - Business InsiderInside Google's firing of a top AI researcher, and the academic paper that started the battle: 'People are seriously pissed' nice I love it when these folks find out they’re working for a publicly traded company and not some university/etc — welcome to the real world of actions and consequences. Neuralink will be in next job
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Arbol Market, a climate change-focused insure-tech startup - Business InsiderA new start-up run by a former Citadel quant is trying to create a better way for farmers to protect their crops from climate change
Source: BusinessInsider - 🏆 729. / 51 Read more »

How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the 'bubble college' U Experience relaunch in January - Business Insider'No masks. No social distancing. A real college experience': Inside The U Experience, which is promising students a 'bubble campus' — for the third time I'm so glad this tech-startup has decided to embark on this huge risk to public health
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Amazon Care, the tech giant's bet on primary care - Business InsiderAmazon is quietly building a business to offer medical care to major companies. Here's an inside look at Amazon Care. Unionize the Amazon workers.
Source: BusinessInsider - 🏆 729. / 51 Read more »