Kacey Morrissey: After Biden Win, Don’t Expect Cannabis Legalization

Even though a Joe Biden presidency offers a rosier outlook for the US cannabis industry, a leading data expert doesn’t anticipate federal legalization in the immediate future.

 

“Even if they do a federal decriminalization, we don’t see there being federal legalization or an implementation of anything that would then create a sort of inter-state commerce,” said Kacey Morrissey, New Frontier Data’s senior director, industry analytics.

The expert added the growth of cannabis in the US will still be dependent on the state markets.

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