X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Cannabis legislation. The cannabis industry is expected to grow 30% in 2019 despite being illegal on a federal level. (Photo: Shutterstock)

By the end of 2019, the cannabis industry* is expected to employ more than 200,000 people and could be worth as much as $48 billion in the United States. By almost any means of measuring growth, the industry will expand by more than 30% in 2019 alone. However, despite the headlines proclaiming cannabis “legal” in a growing number of states, cannabis, in fact, remains illegal at the federal level — it is categorized as a Schedule I drug by the U.S. government, meaning a drug “with no currently accepted medical use and a high potential for abuse.”

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email iclc@alm.com.

 

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.