The 5 Biggest Things That Happened to Cannabis in 2019

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As we reflect on the previous decade, we’re also taking a look at some of the biggest things to happen within the US cannabis industry in 2019.

To many, the cannabis industry has been something to pay close attention to. We’re witnessing the beginning of the end of the War on Drugs, as cannabis is made legal in an increasing number of states and countries. Additionally, the number of medicinal and commercial uses for the plant continues to grow with each year.

1. The Vaping Crisis

While cannabis made strides in 2019, it also had its setbacks. One of the major setbacks for the marijuana industry was undoubtedly the vaping crisis which occurred in August.

2. The Passage of the SAFE Banking Act

While cannabis is legal in 11 states in the U.S. for recreational consumption, the plant remains federally illegal and sits alongside heroin as a schedule 1 substance. This strict scheduling placed a massive red flag around the industry for banks and financiers, who could’ve been charged with aiding and abetting a federal crime if they came into contact with the plant.

3. Illinois Becomes 11th State to Legalize Weed

As we saw this year with Colorado hitting $1bn in marijuana tax revenue, there are clearly massive benefits that follow marijuana legalization. It’s only natural that other states would want to follow Colorado’s lead, which is exactly what happened with Illinois in June this year.

4. Major League Baseball Stops Testing For Pot

Only a few weeks ago, in Mid December, the MLB, Major League Baseball, officially removed cannabis from its list of “drugs of abuse,” shifting focus onto fentanyl, opioids cocaine and synthetic THC rather than marijuana use.

5. Continued CBD Uncertainty

At the beginning of 2019, Cannabidiol (CBD) was poised to be the next superstar within the cannabis industry. While cannabis remained federally illegal, hemp was made legal in 2018 thanks to the Farm Bill. This meant that hemp-derived CBD was legal for citizens and retailers to do what they’d like with it.

Written by

Hello! My name is Louis. I write about the growing cannabis industry, politics, religion, and philosophy. Co-founder of Australians.news

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