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Against a backdrop of market trends supporting continued growth, U.S. retail sales of cannabis and CBD products rose 24% in 2019. Even while the state-by-state regulatory landscape impedes activity, cannabis retail dispensaries are growing significantly by the month, fueling gains among multi-state operators with growing geographical footprints and increasingly sophisticated retail and product branding. Taking a step further, already, while major players stay in the sidelines awaiting additional regulatory clarity, food and beverage innovation abounds among smaller, independent retailers and product marketers.
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