Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Cannabis Weekly Round-Up: Legal American Sales to Reach US$45 Billion by 2027

by admin June 12, 2023
June 12, 2023
Cannabis Weekly Round-Up: Legal American Sales to Reach US$45 Billion by 2027

A new report from a leading analytics firm shows the cannabis industry will reach US$45 billion in legal sales by 2027.

Meanwhile, a critical vote on a banking reform bill designed to help the US cannabis industry could see a vote in the Senate in a few weeks. Keep reading to find out more cannabis highlights from the past five days.

Legal sales set to take off in US market

Cannabis research firm BDSA is projecting tremendous growth for the legal US cannabis industry in the near future.

Roy Bingham, co-founder and CEO of BDSA, pointed to new adult-use markets in Missouri, New Jersey and New York as leaders for growth. “Over the next five years, the biggest drivers of cannabis industry growth in the U.S. will be the thriving Midwest and East Coast markets,” he said in a press release introducing the report.

As far as 2023 goes, BDSA is projecting US$29.6 billion from sales in the US legal market. On a global scale, the research firm is expecting to see a total tally of US$36.7 billion.

Vote for banking reform bill gets nearer

According to Senate Banking Committee Chairman Sherrod Brown, “in the next two or three weeks” a vote could take place regarding a revamped cannabis banking reform bill.

The bill has been touted as a chance to adjust the financial realities of the current cannabis landscape.

As per a report from Marijuana Moment, the senator did not provide a timeline for a vote.

Cannabis company news

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Appia Signs Definitive Agreement to Acquire up to a 70% Interest in Ionic Clay Project, Brazil
next post
Robotics Stocks: 7 Biggest Companies in 2023

Related Posts

AI Market Update: Q2 2025 in Review

July 15, 2025

A$3.5M Institutional Placement and New Chairman Appointed

May 26, 2025

Interra Initiates New Exploration Program at Thane Copper-Gold...

May 2, 2024

What is Crypto? (Updated 2023)

July 20, 2023

Galan’s Hombre Muerto West on Track for Lithium...

December 14, 2023

Copper Price Update: Q1 2024 in Review

April 20, 2024

5 Top Weekly TSXV Stocks: Vanstar Rises on...

December 11, 2023

Bitcoin Halving: Expert Analysis and Price Predictions

April 4, 2024

Top 5 Gold Stocks on the TSX in...

April 10, 2024

Buffett Hands Over Reins, What’s Next for Berkshire’s...

May 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Corcel Announces Non-Brokered Private Placement

    • Sankamap Announces Airborne Geophysical Survey Results Highlighting Promising Anomalies

    • SAGA Metals Mobilizes Final Team for Major Drill Program at Radar Project in Labrador, Targeting Maiden Mineral Resource Estimate & Provides Corporate Update

    • Crypto Market Update: 21Shares Files for Hype ETF, Australia Moves to Regulate Stablecoins

    • Almonty Acquires Montana Tungsten Project as US Seeks to Revive Domestic Supply

    Categories

    • Business (1,406)
    • Investing (3,087)
    • Politics (3,699)
    • Stocks (1,834)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved