This article discusses the current state of the cannabis industry, including where the biggest disruptions may occur in the near-term. It also explores how regulatory and economic conditions will impact the value of assets and the scope of the market opportunity moving ahead.

In this article, we take a look at the impressive growth of the U.S. cannabis market over the course of the ongoing pandemic as well as the industry’s current and future prospects and challenges. As of April 2021, 17 U.S. states plus the District of Columbia and Guam have all passed laws legalizing the recreational use and sale of cannabis for adults 21 years of age and older, although retail sales from dispensaries are not yet permitted in Vermont, D.C. and Guam. 39 states as well as the District of Columbia and Guam have legalized the use of medical cannabis.