The cannabis industry rang in 2021 with high hopes of federal legalization, leading to a massive run-up in cannabis equity values. Eighteen months later, however, proposals for federal legalization continue to stagnate and...more
California has the world’s largest legal cannabis market, at about $4 billion in annual sales. Its illicit market, however, is nearly twice as large, at $8 billion – also the world’s largest. This massive discrepancy...more