Could Michigan Be the Perfect Entry Point for Cannabis Investors
FN Media Group Presents USA News Group News Commentary
VANCOUVER, B.C., April 8, 2021 /PRNewswire/ USA News Group - A cannabis boom is underway, and perhaps one of the fastest growing markets of all is that of Michigan, which just saw its cannabis sales hit $105 million in February 2021, representing an increase of 160% year-over-year. Just last year, Michigan s top cannabis regulator predicted the state s market has $3 billion potential. This week, Bruce Linton, founder and former CEO of the world s most valued cannabis company
Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) commenced trading with his new Michigan-based cannabis vehicle Gage Growth Corp. (GAGE). Many more have seen Michigan s marijuana market potential and are wasting no time in getting established there, including premium plant-based extraction company
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A Growing Number of Product Categories Lifts the CBD Marketplace
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NEW YORK, April 5, 2021 /PRNewswire/ Presently, the medical cannabis sector accounts for a majority of the market share, as progress is slowly being made in removing the stigmas associated with such products. Overall, the legal cannabis market is permeating throughout the U.S. states and is helping to create a multi-billion-dollar industry. While medical cannabis still dominates that broad cannabis marketplace, the growing awareness and legalization efforts are expected to further propel the overall industry forward. For example, last week, New York became the latest state to legalize recreational cannabis, and in doing so is expected to become one of the nation s largest markets. New York s new law to tax and regulate cannabis includes various major provisions designed to create a diverse business mix of large and small operators, and it will