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Legal Weed’s Regulation Mess

By Alex Halperin
12/23/2019 08:52 AM GMT-0700
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To outward appearances, marijuana looks increasingly normalized. Expensively packaged weed, sleek dispensaries and the CBD obsession have recast the drug as sophisticated, even healthy. Since 2014, when the country’s first legal recreational cannabis market opened in Colorado, the industry has enjoyed extraordinary growth. Recreational use is now legal in 11 states, and medical is allowed in more than 30. Legal sales totaled more than $10 billion in 2018. Virtually all observers predict more states to go fully legal in the coming years and the industry to see rapid growth. But from a regulatory perspective, cannabis remains uniquely slippery . . .

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