Even though this hasn't exactly been a banner year for marijuana stocks, there's little denying the growth that legal cannabis can offer over the next decade. Between 2014 and 2018, we witnessed legal marijuana sales more than triple around the globe to $10.9 billion, and we're liable to see sales increase fivefold to 18-fold by 2030, if Wall Street's various estimates prove accurate.
Yet, one aspect of the cannabis industry that continues to be stuck in neutral is the idea of legalization at the federal level in the United States. Despite 66% of Americans favoring the legalization of marijuana in an October 2019 Gallup poll (this ties last year's all-time high), and 33 states having legalized medical pot in some capacity since 1996, I'd affix zero chance of the federal government changing its tune on marijuana in 2020. Here are five reasons consumers and investors should be looking toward 2021 (or beyond) for any chance of cannabis reform in the United States.
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