The legal cannabis industry in North America is worth over $10 billion and employs more than a quarter of a million people, and yet the industry as a whole is decidedly still in its infancy. By comparison, the most recent future projections (from April 2019) expect the global legal cannabis market to be worth over $146 billion USD by the year 2025.
Given the potential for such great value, it is important that the industry has the correct tools to deal with this sort of growth without falling victim to those who may skirt the standards of safety and integrity for personal gain. For this, the cannabis industry may wish to look to the more established pharmaceutical and food and beverage industries for good industry standard practice.
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For the first time ever, congressional democrats included a panel at their policy retreat that was focused entirely on cannabis reform.
Last Thursday morning was the panel at the House Democrats’ gathering, with cannabis advocates sharing their point of view on why reform is not only a necessity in this day and age, but also how a new system should be implemented. It was titled “From the War on Drugs to Restorative Justice: Ensuring Racial and Social Equity in the Cannabis Movement,” and was quite busy despite an early, 7:45 am start time.
Overall, conversations weren’t centered on whether to end prohibition or not – which seemed to go without saying as an already accepted conclusion – but rather how to shape the legal industry moving forward. Also discussed was the need to repair past harms caused by the ongoing “war on drugs”. There was a great deal of significance put on the racial injustices of prohibition.
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