4 Cannabis Entrepreneurs Leading the Industry's Evolution
On election day, voters in eight states approved new legal cannabis initiatives. Arkansas, Florida, Montana and North Dakota all supported new medical marijuana initiatives, while voters in California, Maine, Massachusetts and Nevada all moved to legalize recreational adult use.
As the number of states with legal cannabis in one form or another continues to grow, so too do the prospects for an industry that could be valued at $21.8 billion by 2020, according to cannabis-dedicated finance organization The Arcview Group. Another estimate, released by investment bank Cowen and Company, anticipates that the industry will reach $50 billion in sales by 2026.
While the cannabis industry is experiencing explosive growth, many in the industry fear that it is sometimes perceived to be a part of the "stoner culture" rather than as a legitimate business. In reality, cannabis entrepreneurs come from all walks of life, cater to a wide...
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