According to the latest report from Arcview, a research institute of the U.S. hemp market, the legal cannabis industry in the United States will continue to thrive despite tougher regulation by the Trump administration. It expects sales to reach 22.6 billion U.S. dollars in 2021 and an average annual increase of 27%.
Troy Dayton, CEO of Arcview Market Research, said that regardless of what the Trump administration does, all states in the United States will continue to distribute marijuana licenses to applicants while licensed licensee marijuana stores will continue to have consumer placards Team waiting to buy.
So far, more than 20 states in the United States have declared legal aid for marijuana for medical or recreational purposes, with eight states legalizing entertainment marijuana, including the state's most populous state of California and the District of Columbia in Washington DC. The former president, the Obama administration, basically ignored this. However, in February this year, Spicer, a spokesman for the White House, said that the Trump administration could make a clear distinction between cannabis for medical and recreational purposes and that it should strengthen supervision over entertainment cannabis.
Jeff Turks, the former Alabama Senator Jeff Sessions, who long ago opposed the legalization of marijuana, was appointed Minister of Justice in the wake of Trump's turmoil in the industry.
Last year, the sales of legal cannabis in the United States reached 7 billion U.S. dollars and the sales tax amounted to 500 million U.S. dollars. Legal marijuana has become one of the fastest growing industries in the United States.
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