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Biotech / Medical : Agra Ventures Ltd

AGFAF 0.0155

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Oct 1 5:00 PM EST

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From: roto	7/8/2021 6:26:23 PM
	of 42

U.S. Pot Stocks Are ‘Generational Wealth Builder,’ Analyst Says. The Stocks Jumped. barrons.com "....Bennett thinks U.S. industry annual retail sales of $17.2 billion in 2020 will reach $36 billion by 2025, and $64 billion by 2030. He thinks growth will be driven by conversion from the illicit market to the legal market, the increasing normalization of cannabis use, and the disruption of the alcohol and pharmaceuticals industries. He assumes national penetration can hit 30%, with annual spending per user at $1,750—compared to Colorado at $2,683 and alcohol at $1,378. Such assumptions equate to a market of $172 billion, according to Bennett. Bennett notes that institutional investors have mostly shied away from U.S. growers because cannabis is illegal at the federal level. He expects legal protection to come from lawmakers in the next 12 months, pointing to bipartisan efforts in Congress..."

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