#CannabisIndustry

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In recent years, with the expansion of marijuana legalization and the influx of a large number of funds from venture capital companies and other investors, the marijuana industry has increased sharply. Last year, as New Jersey, Montana, South Dakota and other states and jurisdictions voted to legalize recreational use of cannabis, the industry opened up new horizons. This year, New York, Virginia, New Mexico and Connecticut were listed as countries that legalize entertainment.

The legalization and sale of marijuana are advancing rapidly not only in the United States but also around the world. By 2025, global cannabis sales are expected to increase from $13.4 billion in 2020 to $33.6 billion. This growth opportunity has spawned a long series of start-ups, initial public offerings, and a wave of marijuana related mergers and acquisitions (M & A), real estate, retail and other fields involving production and distribution companies.

Despite this growth, the global covid-19 pandemic caused major turbulence to the cannabis industry in 2021, and the industry faced major challenges in 2022.