This Market Is Key To Tapping Into Huge Cannabis Profit Potential

When it comes to legalizing cannabis, really moving the needle toward full federal legalization comes down to one thing.

Yes, it's true that seeing more conservative states legalize cannabis would help. Bringing more states into the legal fold cuts down on black market sales and brings that money to companies operating within the law.

In 2020, we have 19 states that could potentially pass some form of cannabis legalization. The economic impact of that would be staggering.

But you have to crawl before you walk, and everything starts with medical cannabis.

According to Pew Research Center, nine in 10 adults in the United States are in favor of legalizing medical cannabis.

It's no wonder support for medical cannabis is sky-high. Countless researchers have demonstrated the health and wellness benefits of cannabis for everything from cancer to migraines.

Additionally, medical cannabis plays a huge role in the fight against the opioid epidemic, replacing those harsh chemical drugs with a much healthier, safer alternative.

The benefits speak to people across party lines. Broken down by political affiliation, Republican support for medical cannabis clocks in at 87%, while Democratic support is all the way at 96%.

Should all this support translate to actual reform, a lot of profit potential will be put into play.

Let's break it down…

The Staggering Economic Impact of Legalization

According to projections by New Frontier Data, should all 19 states considering cannabis reform be successful…

  • 90% of the U.S. population would have access to a legal weed market.
  • $3.5 billion could be generated in sales just during the first year.
  • $11.5 billion could be generated in sales by the fourth year.
  • By 2025, the size of the legal cannabis industry could grow to $41.6 billion.

Even if only a fraction of those 19 states pass legalization measures this year, the point is that millions of people would still gain access to legal cannabis, millions of dollars would still be collected in tax revenue, and billions of dollars would still pour into the legal cannabis industry.

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