CGL’s Guide To Launching a Cannabis Business in 2021

April 6, 2021

The cannabis market saw enviable growth in 2020. The designation of cannabis businesses as essential by Arizona, California, Colorado, Nevada, and Oregon caused a dramatic increase in sales. Sales in those states were up nearly 21% Year-over-Year last year, reaching $4.8 billion in July, according to the BDSA.

Meanwhile, the BDSA expects global sales to more than double over the coming years. The global legal market is predicted to reach $47 billion by 2025. And US sales make up a huge proportion of that market – 84% in 2019. With legalization looming in several more states, it’s little wonder that the US cannabis market is turning the heads of investors.

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The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this website or any of the e-mail links contained within the site do not create an attorney-client relationship between CGL and the user or browser. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

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