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Election Unlocks Massive US Marijuana Market

While the race for the 2020 U.S. presidency was a close one, cannabis legalization won by a landslide in state referendums and it may have unlocked a massive marijuana market.The U.S. could be on the edge of federal acceptance of cannabis — one of the platforms Vice-President-Elect Kamala Harris campaigned on — according to recent state approvals.

Mark Noble, EVP of ETF strategy at Horizons ETFs, which manages the US Marijuana Index ETF (HMUS- https://www.horizonsetfs.com/etf/HMUS), believes that the likelihood of decriminalization or full legalization of medical or recreational marijuana has dramatically increased. According to Noble, this might give U.S. operators access to key capital market institutions and funding mechanisms that have not been available to them. The ability to build nationwide networks of distributions and cultivation would likely help the industry grow at an even faster pace.

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