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from left- Justin Stern, Associate, Robert Zinn, Partner, Jay Steinman, Partner, and Jennifer Migliori, Associate, Duane Morris from left- Justin Stern, Associate, Robert Zinn, Partner, Jay Steinman, Partner, and Jennifer Migliori, Associate, Duane Morris

According to a research report published by Cowen & Co. earlier this year, the investment bank believes that the U.S. market for cannabidiol (CBD) consumer goods could reach $16 billion—a “conservative” forecast—by 2025, up from between $600 million and $2 billion in 2018 retail sales. As the third-most populous state in the country, this is a very big deal for Florida.

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