SNDL - U.S. legal cannabis sales expected to reach $41 billion in 2026 - research firm

Despite the current uncertainty over federal legalization of cannabis, BDSA, a Colorado-based research firm focused on the industry, expects U.S. cannabis sales to hit ~$41.3B in 2026, Reuters reports. Legal cannabis sales approached $17.6B in 2020, indicating ~45.5% YoY growth, and the market is set to expand further as more and more states clear legal hurdles against the use of cannabis. Already, 36 U.S. states and the District of Columbia have legalized cannabis for medical or recreational purposes, but strict federal laws have largely kept the growth in check. In July, Senate Majority Leader Chuck Schumer (D-N.Y.) suggested that the Cannabis Administration and Opportunity Act, introduced by him aiming for federal legalization of cannabis was unlikely to garner enough votes to pass. Yet, analysts predict that Congress is closing towards looser cannabis legislation. BDSA expects some level of federal legalization in 2022. However, given the lack of clarity, a select group of cannabis

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U.S. legal cannabis sales expected to reach $41 billion in 2026 - research firm