Despite the unique culture surrounding cannabis, this new industry follows the same economic principles as does any other agricultural product―that is, it would if the federal government allowed it to.
Four distinct challenges prevent the cannabis industry from becoming fully legal and federally regulated in the United States, equivalent to the alcohol, pharmaceutical, or tobacco industries: federal regulations counter to state laws, an unfriendly financial system, a U.S. attorney general bent on keeping the drug war running, and Prohibition’s 70-year-old legacy of distrust between legalization advocates and opponents.
The Business of Cannabis explores these issues in depth and contextualizes U.S. drug policy at a time when lawmakers across the nation are deciding which way to lean on the issue. It also treats the new and growing cannabis industry in the context of more established ones, such as the alcohol, pharmaceutical, and tobacco industries and it collects experiences and experiments from all of the regions, states, and municipalities in which marijuana has been legalized.
In the book you will learn how federal regulations or lack thereof (e.g., lack of access to banking) affect the industry and you will explore the interactions of federal, state, and local laws.
“This book is an essential primer on the current state of the marijuana industry. . . . There is huge potential in investing in cannabis as well as massive risk and uncertainty, and this book is an excellent aid in understanding the full picture that surrounds cannabis. With the legalization of cannabis for recreational use in Colorado, Washington, and other states, cannabis is a hot topic… [This] is a great book for any library but especially those in states that have legalized or are considering legalizing marijuana. Summing Up: Essential. Lower-division undergraduates through professionals.”