The Legal Cannabis Industry Seeks Government Assistance to Overcome Regulatory Burdens
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The legal cannabis industry in the US seeks government assistance to overcome regulatory burdens and secure subsidies. State governments like New York and Michigan have established funds and grants to support minority marijuana marketers and provide social equity funding. Removing federal roadblocks and allowing marijuana businesses to deduct expenses would be a more effective approach. The industry's growth potential and economic impact make it a valuable sector to invest in. Technological advancements and innovation are driving the development of new products. Latin America and Europe also have the potential to harness the economic and social benefits of cannabis legalization. The global cannabis market is projected to reach $197.74 billion by 2028. The North American legal cannabis market is expected to grow at a CAGR of 26.65% from 2023 to 2032. The future of the cannabis industry looks promising, with continued growth and innovation. #CannabisIndustry #GovernmentAssistance #RegulatoryBurden #EconomicImpact #InvestmentOpportunity #GlobalMarket #Innovation...

#newstr #CannabisIndustry #GovernmentAssistance #RegulatoryBurdens #Subsidies #Grants #SmallBusinessAdministration 

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