Greenlane Holdings Inc: Cannabis Accessories Giant Looks Bullish on New Distribution Deal

Greenlane Holdings Stock Up 177% Since Hitting March Lows

Greenlane Holdings Inc (NASDAQ:GNLN) stock is up 177% since hitting March lows, and its outlook for 2021 looks bullish. The company also recently announced a new global distribution expansion for smoking accessories.

U.S. pot stocks have been experiencing a boost due to rising sales, which are expected to climb 40% in 2020 to over $15.0 billion and close in on $37.0 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 stocks could also experience a big jump in the days following the U.S. election if Joe Biden and Kamala Harris are elected and the Democrats take the Senate. Harris has said she would decriminalize the drug.

Even before Harris was picked as Biden’s running mate, she supported decriminalizing cannabis. She was the lead sponsor of the Marijuana Opportunity, Reinvestment…