Greenlane Holdings Stock Up 177% Since Hitting March Lows

Greenlane Holdings Inc (NASDAQ:GNLN) inventory is up 177% since hitting March lows, and its outlook for 2021 appears to be like bullish. The firm additionally lately introduced a brand new international distribution growth for smoking equipment.

U.S. pot shares have been experiencing a lift as a result of rising gross sales, that are anticipated to climb 40% in 2020 to over $15.zero billion and shut in on $37.zero billion by 2024. (Source: “Exclusive: US Retail Marijuana Sales on Pace to Rise 40% in 2020, Near $37 billion by 2024,” Marijuana Business Daily, June 30, 2020.)

U.S. marijuana shares might additionally expertise an enormous bounce within the days following the U.S. election if Joe Biden and Kamala Harris are elected and the Democrats take the Senate. Harris has stated she would decriminalize the drug.

Even earlier than Harris was picked as Biden’s working mate, she supported decriminalizing hashish. She was the lead sponsor of the Marijuana Opportunity, Reinvestment…

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