Legal weed is at a crossroads.
While some cannabis legalization proponents claim their movement has grown too big to fail, it has also proved too significant for the federal government to ignore.
The Trump administration is mulling its approach to the state-regulated systems that conflict with federal law. On Capitol Hill, conversations about legal cannabis have picked up steam.
Amid a time of unknowns surrounding federal marijuana policy, one thing is certain: The status quo is no longer sustainable.
State-legal marijuana is a multibillion-dollar business with varied regulations and no firm banking and taxation rules. Regulated sales of cannabis have trended favorably among the American public, but high-ranking federal officials have questioned the effects legal marijuana programs have on public health and safety.
“As an industry, we have an opportunity right now to either start a fight or start a negotiation,” said Justin Henderson, owner of Peak Dispensary in Denver.
Henderson said big money, as well as more seasoned executives, continue to flow into the industry. | Read Full Story…