But this is the moment that cannabis companies and their investors have been waiting for: to be considered a legitimate industry rather than a hot voting issue. In order for the industry to flourish it needs the federal government’s help, and the prospects of that are suddenly looking better. Cannabis companies have reason to be hopeful that a new administration will also usher in other changes, such as reclassifying or excluding marijuana from the Controlled Substances Act (CSA). The industry is also asking the federal government to allow interstate commerce between states that have legalized. Everyday consumer products—such as drinks containing THC, the psychoactive chemical in cannabis—are a key way for cannabis companies to target a wider customer base than pot smokers.

Source: Mint November 15, 2020 14:26 UTC