With more extensive research in the uses of medical as well as recreational cannabis, its demand in the market has been increasing, which is resulting in a drastic growth in the cannabis industry. Many law making bodies in various states have legalized the usage of cannabis. Currently, 28 states have legalized medical cannabis and 8 states have legalized recreational cannabis. Green Wave Advisors recently carried out a research that showed that the number of states in the United States that will be legalizing the cannabis is likely to increase in significant numbers.

In the election that took place in November, 2016, the states – Washington, Colorado, Alaska, and Oregon had voted in favor of the recreational markets to be created for cannabis and 24 other states had passed the law regarding the medical cannabis.

After the election ended, Nevada, Massachusetts, Maine, and California opened up the recreational market for cannabis and Florida made medical cannabis legal.

Various surveys and researches have indicated that now when the people are learning about the advantages of cannabis not only for recreational purpose, but also for medical use, several states are gradually legalizing cannabis in their regions respectively and by the year 2021, almost all the 50 states in the United States along with Washington DC would have legalized it.

However, for this prediction to come true, the president Donald Trump along with Jeff Sessions, the attorney general, will be playing a prominent role. The federal government initially began by speaking against the legalization of marijuana; however, now their view point is likely to change.

Another key factor that can bring about the legalization of cannabis by the year 2021 is that it is a really vast business with lots of capital at stake. The net worth, which was 4.8 billion dollars of the cannabis industry in the year 2015, shot up to 6.5 billion dollars in the year 2016.

In addition to this, if cannabis is legalized, then a large number of the companies would be reaping profits from this and it will open up new opportunities for the business of investments to grow.

The situation that the cannabis industry is witnessing at the moment is somewhat not stable. Though the industry is rising for sure, in the end the future of this industry depends largely on the decision made by the White House.