As we approach 2025, the cannabis industry is emerging as a highly promising sector for small businesses due to increasing legalization and consumer demand. The major development in 2024 was the DEA’s re-scheduling of cannabis, paving the way for full federal legalization, expected in 2025. This would provide small business owners with better banking access, lower tax burdens, and reduce regulatory challenges. Furthermore, the industry's projected growth to $41.5 billion by 2025 offers an attractive landscape for investment and new market entry, motivating businesses to capitalize on these trends.
The cannabis industry is rapidly expanding, creating numerous opportunities for small business owners as legalization becomes more widespread and consumer demand increases.
With the DEA re-scheduling cannabis, federal legalization is anticipated in 2025, promising improved access to banking and capital for small cannabis businesses.
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