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Featuring:  Jason Howard
The commercial cannabis industry is booming. It now employs more than 250,000 people, with legal marijuana sales reaching an estimated $9.7 billion across North America in 2018.

That number is expected to double, reaching more than $20 billion annually by 2023 (source). To date, 33 states and the District of Columbia have legalized medical marijuana and 10 states have legalized recreational use (source). Several other states that have not legalized marijuana for medicinal or recreational use, do allow use of cannabis-based products such as cannabidiol (CBD) oil (source). CBD alone is projected to earn $2.3 billion worldwide by 2025. Already the oil can be found in many places including beauty products, vaping pens, organic restaurants, pharmacies, and pet stores (source). While the cannabis business is skyrocketing, with 64% of Americans favoring legalization, issues surrounding the industry’s insurance coverage and the development of standard business practices have proven complicated due to changing regulation, lack of data, and banking restrictions (source, source).

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