Federally legal cannabis could hurt small business
Currently, each state where cannabis is legally sold has its own set of rules and regulations and cannabis can not cross state lines. The result has been a legal cannabis industry comprised mostly of small businesses and some multi-state operators. Federal legalization would change that quickly.
Small businesses will have big competition. In Canada for example, where recreational use is federally legal, Constellation Brands, Altria Group, Anheuser-Busch InBev, Molson Coors and Imperial Brands are among the large companies wading into the cannabis business via investments and partnerships, according to Nelson.
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