With the United States presidential election just days away,
American voters are also deciding on the potential future of the
legal cannabis industry. Cannabis has been increasingly legalized
throughout the United States in the past years. With Gallup polls indicating strong and
increasing support for the legalization of cannabis (currently 66%
of Americans in favour) and the industry being projected by many
analysts to grow to over $30 billion in the next 5 years, it is
clear that there is powerful momentum to see the industry succeed.
However, how quickly it gets there may depend in part on the
results of this election.
On the ballot for certain states is the legalization of medical
and/or recreational cannabis. Presently, 35 states have legalized
cannabis for medicinal purposes, and 11 states and Washington, D.C.
have legalized recreational use. Come November 3, 2020, 5 more
states could join in this green wave.
