The cannabis industry has been one of the biggest standout markets in the last few years. It has witnessed massive developments, including a rapid rise in the number of states that have legalized the use of at least one of its products in the U.S. Nearly all of the 50 states have legalized the use of cannabis in its medicinal or CBD oils varieties while more than a dozen now allow growing or the recreational use of marijuana.
Many startups have been inspired by this change and are now exploring alternative ways to invest in the industry. As such, there are now several small players in a market that is rapidly expanding, which means that it is only a matter of time before bigger players begin to show interest. Therefore, a wave of consolidations is highly expected in the coming years with some of the bigger players acquiring specialized startups while some smaller players form mergers to try to withstand the threat of the giants that join the market.