When the year began, the North American cannabis industry looked to have plenty of momentum. Canada had just become the first industrialized country in the modern era to green-light adult-use cannabis, Mexico looked to be on track to legalize recreational pot later in the year, and support for legalization in the U.S. remained high (pardon the pun).
But this has all changed as the year has worn on. Canada’s weed industry has dealt with persistent supply issues, Mexico has kicked the can on recreational legalization into 2020, and the federal government in the U.S. continues to stymie any efforts to reform cannabis banking laws or the drug’s Schedule I classification.
CBD has been the apple of cannabis investors’ eyes in 2019
Maybe the lone bright spot this year has been the projected uptick in cannabidiol (CBD) sales in the United States. CBD is the nonpsychoactive cannabinoid derived from cannabis and hemp that’s best…