• Cannabis stocks soared after Biden's win. Morningstar's chief US market strategist told us the 2 names that are still the most undervalued - and says the industry is well-positioned for gains in the years to come

    7 days ago - By Business Insider

    Summary List Placement
    The US cannabis industry is growing rapidly as more states decriminalize or legalize the substance.
    Three states - Montana, New Jersey, and South Dakota - voted to legalize recreational marijuana on election day, bringing the total to 15 states plus Washington, DC where cannabis use is allowed by law .
    Further, President-elect Joe Biden and Vice President-elect Kamala Harris have said they are in favor of decriminalizing marijuana at a federal level .
    Cannabis stocks soared on news of their victory earlier this month. But according to Dave Sekera, the chief US market...
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  • The spread of legal cannabis is projected to create more than 20,000 jobs in the next 5 years. Here's a look at how many roles will be open for hiring in each state

    The spread of legal cannabis is projected to create more than 20,000 jobs in the next 5 years. Here's a look at how many roles will be open for hiring in each state

    7 days ago - By Business Insider

    Summary List Placement
    States with newly passed cannabis programs are expected to create tens of thousands of new jobs over the next five years.
    On November 3, four states - New Jersey, Arizona, Montana, and South Dakota - voted to legalize recreational cannabis legislation while two - South Dakota and Mississippi - voted to create medical cannabis programs.
    All of these states are expected to benefit economically from their new programs in the coming years.
    That's especially true for a state like New Jersey, which is expected to have a robust adult-use program that will benefit from its...
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  • With 5 more states passing cannabis reform, brands could be on the brink of franchising - but there are several factors to consider if you're looking to expand nationally

    With 5 more states passing cannabis reform, brands could be on the brink of franchising - but there are several factors to consider if you're looking to expand nationally

    7 days ago - By Business Insider

    Summary List Placement
    The total domestic economic impact of the cannabis industry in the US in 2019 was between $37 and $46 billion , according to Marijuana Business Factbook. The market scale will only grow as legalization efforts continue in the US. Without ventures established in every state, the space remains ripe for the taking.
    While America celebrates five states having recently passed cannabis reform , the market continues to face growing pains. A noticeable problem is establishing a franchise, a standard method to gaining market share. A tall task in any industry, the cannabis...
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