Against the backdrop of COVID-19, people have tended to lament 2021 as if it were a repeat of 2020. While that may be true outside of the industrial hemp and commercial marijuana industries, it was, once again, a landmark year for cannabis, as I thought that it might be.
We saw the political dialogue surrounding cannabis out of our Nation’s capital advance tremendously, which further legitimizes the cannabis industry, even if there has been no formal policy reform enacted to date at the federal level. After all, any meaningful federal dialogue represents progress as marijuana remains designated a Schedule I Controlled Substance, and accordingly, federally illegal. We also saw substantial market-based progress, shifting investment narratives, and the ever-increasing global expansion of the cannabis supply chain, including but not limited to, rapid international cannabis policy evolution.
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