‘There’s no stopping the industry now’: Democratic control is a big win for marijuana
The industry is poised for a big shakeup even though the prospects for passing major changes to federal policy remain slim
Politico (US)
Sunday, January 31, 2021
Sunday, January 31, 2021
Cannabis companies are positioning themselves for the greater likelihood that federal cannabis restrictions will be loosened significantly. Sales are already booming. Cannabis sales hit $20 billion last year — a 50 percent jump over 2019. Legalization continues to spread across the country, with more than one-third of Americans now living in states where marijuana is fully legal. “There's no stopping the industry now,” said Andrew Kline, who recently joined the law firm Perkins Coie after serving as public policy director for the National Cannabis Industry Association. “The bigger players are going to be interested in acquiring smaller companies and becoming multi-state operators or expanding their footprint in different states.”
