California Marijuana

Attorney Julie Herzog sees massive consolidation on the horizon, much of it driven by Big Pharma. Companies that aren’t prepared to eat or be eaten profitably need to get their platters in order now … before it’s too late. When Democrats took control of the White House, the House of Representatives, and the Senate in 2020, it looked like a layup for cannabis legalization. And yet, we continue to wait. Despite overwhelming public support and dueling legalization bills from both political parties, America’s world-leading new industry—which has created almost half a million jobs in thirty-eight states—remains banished to a legal gray area that severely stifles growth. No current or proposed Democrat or Republican bills are expected to go anywhere in the Senate, so speculation continues about what details might finally meet muster. There are, however, a handful of reliable “knowns” companies should heed in advance of something breaking the gridlock. One known is that once the governme...