Failure To Legalize Pot Isn’t Slowing Down The ‘Unstoppable Cannabis Train’

The cannabis market in the United States is growing like a weed, and for good reason.

Thirty-three states have already legalized cannabis to some degree, and federal legalization of both medical and adult-use cannabis is expected to create $86 billion in additional tax revenue, according to a report from New Frontier Data.

Even though the push for recreational legalization didn’t go as planned in New York and New Jersey, one expert calls this market “an unstoppable train.”

“We do see a little bit of decrease in momentum, but it doesn’t mean that the momentum is stopping. It’s just there are a couple of states that there was an expectation that it would [be legalized] and it didn’t happen,” said Erich Bublitz, cannabis product leader, and vice president and chief regulatory compliance officer at Admiral Insurance Group.