This new year bodes well for the cannabis industry. There’s excitement as we welcome new states into the cannabis fold and fervent hope that we’ll see movement toward making cannabis fully legal at the federal level. Momentum from several major developments in 2018, including the inclusion of industrial hemp in the new farm bill and Canada’s nationwide legalization, will certainly continue to fuel innovation, policy and entrepreneurship.
Here are some trends and developments we’re keeping a close eye on as 2019 roars to life:
Legalization: Now that the House of Representatives will be controlled by Democrats, some of whom have made legalization part of their campaign promises, we can expect a lot of talk on various national bills. There will be dozens of ideas tossed around, a lot of enthusiasm and a general expectation that the U.S. is moving toward an end of prohibition at the federal level. In fact, Rep. Earl Blumenauer (D-OR) has even laid out a step-by-step process for making cannabis legal in 2019.
– Read the entire article at Forbes.