Cannabiz – the business of weed

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Hi readers,

Legalizing cannabis is more than a cultural shift. The changing legal status of weed in the US, Canada, and other countries will transform it from an illegal narcotic to a multibillion-dollar industry—one that will likely rival tobacco, alcohol, and beverage markets.

Cannabis companies aren’t just selling to stoners. Instead, they’re hoping to turn weed into an all-day, everyday product for adults who have jobs, kids, and 401(k)s. With the legal sales of cannabis exceeding $10 billion in 2018, the massive business of cannabis is an industry worth understanding.

Whether you’re considering investing in weed or just curious, check out:

You might also be interested in the recently published in-depth field guide to CBD, a compound found in cannabis. It won’t get you high, but it’s predicted to be worth $5.7 billion by the end of this year.

I hope you’ll take advantage of the free trial of Quartz membership and benefit from all of this unique, in-depth reporting. Click here for 25% off the first year of your membership.

Best wishes for a chill Sunday,
Erica Rallo
Community manager