As we continue to get closer to full legalization, more investors are seeing the potential of cannabis businesses.
The various regulatory hurdles still in place haven’t slowed down the pace of new investment, either.
There’s still plenty of upside in the major multistate operators you’re used to hearing about, like Green Thumb and Trulieve.
The deal includes an additional 55,000 square feet of cultivation space and nearly triples 4Front’s production capacity.
Cannabis in Massachusetts recently became more valuable than alcohol, according to Forbes, bringing in $74.2 million in cannabis excise taxes compared to $51.3 million in alcohol taxes as of December 2021.
With public opinion largely in favor of legalization, Maryland is poised to go recreational next year – and MariMed will be in the prime position to profit.
It has operations in 36 other state cannabis and hemp markets – a massive footprint – and this Ohio deal could be one of its most lucrative expansions yet.
Ohio is at the top of National Institute for Cannabis Investors Executive Director Danny Brody’s legalization watch list for 2022.
The cannabis industry’s continuing success is reflective of the American entrepreneurial spirit, and the next big business venture could be just around the corner.
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