On November 5, 2020, the legalization of cannabis was included in five state ballots and topped the table. Voters in Oregon, where cannabis is already legalized, also approved measures aimed at combating street drugs, and another that sought to legalize the therapeutic use of psychedelic mushrooms.
This is a critical time for cannabis startups as they seek new markets. Many companies in this space view each new state as a gold rush as they seek to win over both consumers and businesses. But it will take time. Each state has its own rules and regulations that cannabis companies must research and navigate.