4Front Ventures Corp. was one of the Benzinga Global Small-Cap Conference sponsors on December 8-9, 2020. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.
2020 was a turning point in the history of U.S. cannabis. Throughout the pandemic, cannabis companies were mandated as essential businesses and cannabis legalization measures won resoundingly in five states in the latest federal elections.
The future looks bright for cannabis companies as the new presidential administration has an open-minded view and could potentially put through major cannabis reforms. As the cannabis industry continues to gain traction, multi-state operators like 4Front Ventures Corp (CSE: FFNT) (OTCQX: FFNTF)are in pole position to capitalize on a coming green-wave, should any federal reforms pass.
4Front's share price continues to rise and break new 52-week highs on a regular basis. The company believes that the conversation has shifted from arbitrary land grabs to a focus on strategy, operations, and most importantly, effectiveness at scale.
4Front brings a laser-like focus on driving long-term value for shareholders in a simple way: great products at the lowest prices.
4Front and the Future of the U.S Cannabis Market
According to New Frontier Data, U.S. legal cannabis sales, both recreational and medical, will have an estimated CAGR of 21 percent by 2025, compared to $13.2 billion in 2019. And many are looking toward near-term banking reform that would result in much-loosened restrictions around the financial activities of cannabis companies.
In the most recent federal election, over 70% of Americans supported full legalization …