Cannabis dispensaries are opening at a record pace in recent weeks and months. And that massive expansion is being driven by companies that have recently IPO'd and creating more opportunities for those that want to.
This one legal change not only opens millions of dollars in immediate opportunity for a group of legal cannabis, it also shows the countries most populated state is finally getting its program heading in the right direction.
This year's impressive achievements for the cannabis industry will pale in comparison to what is coming. Part of what's fueling our optimistic view is not what's on the books, but what's on deck at the state and federal level.
The world's largest tobacco company just paid a 41.5% premium for a cannabis company that has been selling recreational product for less than two months. It shows the smart money is buying in on cannabis, not selling off.