Modern Wisdom #333 - Chris Walsh - How Does The Cannabis Industry Work?
Jun 12, 2021
Chris Walsh, CEO of Marijuana Business Daily, offers an insider's view of the booming cannabis industry, which has surged nearly 50% in recent times. He discusses the curious legal landscape, balancing federal and state laws, and explores emerging trends like THC suppositories and the potential for a psychedelics market. Walsh emphasizes the community aspect of cannabis while addressing corporate influence, and he reflects on the opportunities and challenges faced by small growers in this rapidly evolving sector.
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FBI Agent Suspicion
- Chris Walsh was once suspected of being an FBI agent at a cannabis expo.
- This was due to his attire, a suit and tie, which contrasted sharply with the prevailing cannabis culture.
The Federal-State Conflict
- Cannabis is federally illegal but legal at the state level in the US.
- The federal government considers it a low enforcement priority, enabling the industry's growth.
UK Legalization Prospects
- The UK's cannabis legalization journey is uncertain but possible.
- Shifting public opinions and the precedent of other countries suggest it may happen sooner than expected.