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Top 4 Cannabis Trends to Look for

Kevin Lobo, FB Tech Review | Friday, May 21, 2021

As the world is ready to move into 2021, expect some trends to dominate the cannabis space.

FREMONT, CA: For the last few months, tech stocks have been all the rage. According to New Frontier Data's latest report, the legal U.S. cannabis sector is forecasted to grow by a compound annual rate of 21 percent between 2019 and 2025. That will push the legal weed market from $13.2 billion in 2019 to an estimated $41.5 billion by mid-decade. This is a fast-evolving sector with overwhelming help for legalization from the public, which is what makes it an intriguing investment opportunity.

• The Push for Cannabis Banking Reform

Although Trump has managed a hands-off approach to state-level marijuana regulation, both of his attorneys general were unabashedly anti-cannabis. Trump has shied away from the legalization debate. The fight for banking reform is particularly noteworthy for marijuana real estate investment trust Innovative Industrial Properties. Innovative Industrial's sale-leaseback program has been a vital growth tool for the firm that cannabis banking reform would probably weaken.

• State-level Legalizations

Even though it is an off-year for elections, 2021 could see a handful of states move to legalize medical or recreational marijuana. New York has the highest probability of legalizing the use of weed in 2021 of any state. Legalization would have come in 2020 had the coronavirus disease 2019 not hit New York so hard. With big-budget gaps to cement, New York legislators might get to legalizing recreational pot early in 2021.

• The Push to Profitability

The coming year will also feature the ongoing push toward profitability by pot stocks. Though marijuana stocks have already gained recurring profitability, like the aforementioned Innovative Industrial Properties, most pure pot stocks have yet to do so.

• An Ongoing North American Shakeout

Finally, look for the sector to continue to thin out as the gap between the haves and have-nots widens. Although marijuana provides supercharged growth potential this decade, not every pot stock can be a winner. The world has already seen plenty of sector hopefuls fall by the wayside. 

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