Fiore Cannabis Directs Focus on Core U.S. Assets and Turnaround Position – Yahoo Finance

Benzinga

How To Navigate The Cannabis Market In 2021: States To Watch, Expectations, And Growing Companies

The following article is sponsored by Schaeffer’s Investment Research. COVID-19 had a significant impact on many emerging sectors over the past year. We saw this influence in markets such as tech, cryptocurrency, electric vehicles, and cannabis. Looking at the cannabis market, in particular, the pandemic accelerated the adoption of cannabis reform across multiple states, resulting in a record-breaking 2020 for the industry. The cannabis market not only experienced a notable 2020 but has seen significant YTD growth in 2021. As such, investors are looking at the sector now more than ever with many analysts bullish on the industry. Matthew Timpane, senior market strategist at Schaeffer’s Investment Research, joined last week’s Benzinga Cannabis Capital Conference to provide attendees with some guidance on how to navigate the bull market forming around cannabis 2.0. Timpane’s presentation went over what investors can expect from the cannabis market in 2021, which states to watch, as well as cannabis companies with promising net growth. States To Watch In last year’s presidential election, seven ballot initiatives for cannabis were up for vote across five states. Voters in Arizona, Montana, South Dakota, and New Jersey all voted in favor of the legal use of recreational marijuana. Given the increase in cannabis reform and the growing support for marijuana legalization, federal legalization is looking like more of a reality. A Gallup poll from November showed that 68% of U.S. adults favored marijuana legalization in 2020 — the highest approval cannabis has held in U.S. history. The result is that the U.S. is seeing both liberal and conservatives states voting on the issue of cannabis legalization. Highlighted below are eleven states that Timpane believes investors should keep an eye on in 2021. Connecticut ‒

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