U.S. Cannabis Regulation Trends in 2021
Partner Meital Stavinsky authored an article in The Times of Israel about the emerging growth of the cannabis industry, despite the coronavirus pandemic, which has hit many other industries hard. BDSA’s market forecast projects global cannabis sales for 2020 will reach $19.7 billion, an increase of 38% over 2019 sales. In the U.S., according to Marijuana Business Daily Research, by 2024, the yearly medical and recreational cannabis sales in the U.S. could reach as high as $37 billion. Ms. Stavinsky goes on to discuss regulatory trends in the United States regarding cannabis and potential impacts on Israel. She notes that Israel is a Cannabis-Tech powerhouse and is at the forefront of medical cannabis research, indicating that there are great opportunities for collaboration between Israel Cannabis-Tech companies and U.S. strategic partners.