Ross Lipson, the CEO and co-founder at Dutchie, an online cannabis marketplace, wrote about how cannabis defined 2020 and at the same time mentioned really cool highlights.
- By 2021, the legal industry is expected to be worth $24.5 billion.
- A record-high percentage of Americans now support cannabis legalization.
- cannabis was one of the biggest winners on Election Day, with legalization passing in Arizona, Montana, Missouri, New Jersey and South Dakota.
- over 111 million people — now live in a state with legal recreational cannabis.
- Legal cannabis sales reached nearly $20 billion in 2020.
- The legal cannabis market supports 243,700 full-time-equivalent American jobs.
- With its new legalization measure, Arizona will issue a 16% tax on cannabis sales that will go toward community colleges, police, fire departments and public health programs. (I talked about this in another Cannanews)
- Thanks to Covid dispensaries shifted to e-commerce and digital payment solutions and online sales probably reached $794.5 billion by the end of the year.
Those are the good news we need to start 2021. Let's celebrate! Grab your blunt, bong, pen or whatever you want, I am getting high with my SLASH because cannabis journey is still in its infancy and the potential is endless.
Stay high!
