Cannabis Industry Experiences Rapid Growth in the US
Over the past decade, the cannabis industry has experienced tremendous growth in the United States. With 21 states and the District of Columbia legalizing recreational usage, 39 states allowing medicinal use, and 68% of Americans supporting legal cannabis, it is clear that the public's perception of the drug has shifted.
This shift was made even more apparent with the recent opening of New York City’s first recreational marijuana dispensary. Legally Rooted, located on 6th Street, opened its doors with a ribbon cutting ceremony on January 16th, 2021, becoming the first dispensary to open in the Queen City.
The legalization of recreational marijuana in the US is not just a milestone for cannabis businesses, but for criminal justice reform as well. After years of federal cannabis prohibition, President Biden granted pardons to thousands of Americans with federal, low-level cannabis convictions.
It is clear that the cannabis industry is here to stay, and that it is a rapidly growing and increasingly accepted industry. As states move to legalize cannabis, businesses and consumers alike can expect to see more dispensaries, products, and policies in the future.
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