In case you hadn’t noticed, cannabis sales are soaring around the world. According to the State of the Legal Cannabis Markets report from Arcview Market Research and BDS Analytics, worldwide legal weed revenue more than tripled between 2014 and 2018 to $10.9 billion, and this is really just the tip of the iceberg.
Yet the United States, the most lucrative market for marijuana in the world, remains a hostile place for cannabis, at least at the federal level. Despite growing support among the public to legalize cannabis on a national level, lawmakers have stood pat on their Schedule I classification of pot. This ensures it remains entirely illegal at the federal level.
A number of states aim to legalize adult-use cannabis in 2020
However, this hasn’t stopped individual states from legalizing cannabis in some capacity over the past 23 years. Beginning with California in 1996, a grand total of 33 states have legalized…