420 with CNW — How Data Analytics Is Proving Invaluable in the Marijuana Industry

March 26, 2021 15:25:00

After decades of prohibition, marijuana is finally legal in some form in more than 30 states. The industry has made impressive progress, creating thousands of job opportunities and providing states with millions of dollars in much-needed tax revenue. With Democrats now controlling the Senate, House and White House, the country may see lawmakers pass federal cannabis legislation in the next few years, removing most of the roadblocks that have kept the industry from advancing and ensuring its growth.

Aside from access to financial service, one factor that will redefine the industry as it grows and matures is data analytics (“DA”). With the sector still in its infancy, DA presents a great growth opportunity for cannabis companies over the next few years. Industries such as banking, retail and airlines have leveraged data collection to great success, and the state-legal…


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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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