Tech Titans Are Warming Up To The Impending Legalization Of Cannabis In The US – Technical420 – Technical420

Earlier this week, the cannabis industry received a major boost when Amazon (AMZN) reported to support federal legislation to legalize cannabis. 

This comes a few months after Uber (UBER) CEO Dara Khosrowshahi stated that the business could expand into cannabis if it’s decriminalized under federal law. Currently, cannabis delivery services are legally available for adults in New York, California, Nevada, and Oregon.

After these developments, we believe the cannabis sector is nearing an inflection point and expect federal legalization in the US to be the most significant potential catalyst for the entire sector. 

One of the ways the cannabis sector was impacted by the COVID pandemic is related to the advancement of the cannabis delivery vertical. Prior to the pandemic, Eaze was the best known cannabis delivery platform. More than one year after COVID shut down the US, there are several operators that are capitalizing on the cannabis delivery vertical and this is a trend that our readers should be aware of. 

If Uber and Amazon enter the cannabis delivery market, we expect companies like Eaze to come under heavy pressure. Although many people expect to see cannabis delivery platforms acquired by these multinational corporations, we believe that Uber and Amazon have the necessary infrastructure to immediately capitalize on the cannabis delivery opportunity. For this reason, we do not expect these large corporations to acquire platforms like Eaze and want to highlight a cannabis operator that has benefited from the cannabis delivery market. 

Planet 13: An Execution and Growth Story to be Aware of

Last year, we highlighted Planet 13 Holdings (PLTH.CN) (PLNHF) due to how it was positioned to capitalize on the cannabis delivery market in Nevada ahead of the pandemic. Months before China reported its first case of COVID, the cannabis retailer was already offering a cannabis

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