Prediction: Federal Legalization Possible If Democrats Retake Senate 

 November 30, 2020

By  Stratis Hemp

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Hemp insiders are expecting 2021 to be a banner year for the cannabis industry. Both marijuana and industrial hemp are poised to boom as consumers drive demand for all things cannabis.

Over the past few years, the democrat-lead U.S. Congress has taken up cannabis industry banking and other related legislation. The republican-controlled Senate however, has blocked any liberalization of cannabis laws. Recreational and medical use ballot victories across the political spectrum this fall show marijuana’s acceptance continues to grow. If democrats take control of the Senate by winning the two seats up for grabs in the Georgia run-off in January, expect forward movement on federal legalization of cannabis.

Related: Big Hemp And CBD Opportunities Expected Under Biden-Harris Administration

More predictions for 2021:

  • Hemp Industry Testing Will Continue to Mature
  • The Hiring Boom Will Continue
  • We’ll See More Women Designing Cannabis Products For Women

Read the full article at www.forbes.com

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