Top 10 Cannabis News Stories of 2021
The cannabis industry has come a long way since the beginning of the year. Here’s a recap of the top seven stories that defined the year for cannabis users in 2021.
With an ongoing pandemic, a new president and Congress and five new state cannabis markets worth a collective $5 billion, 2021 has been a year like no other for the cannabis industry.
From full cannabis legalization in New York to the launch of a modest medical marijuana program in Alabama, cannabis reform continued to spread across the U.S. in 2021 amid the ongoing backdrop of the COVID-19 pandemic and other hot-button political issues.
And while federal prohibition remains in place, the year saw major movement toward reform on the federal level, including a number of new legalization bills in Congress and slow, steady progress on cannabis banking.
In a year marked by partisan divisions, the year also saw more GOP lawmakers than ever take the lead on cannabis, helping craft and introduce bills in at least 10 states as well as Congress.
The year also saw its share of cannabis-related disappointments, including the fact that Congress failed to pass any meaningful marijuana reform bills despite the Democratic majority and President Joe Biden’s yet unfulfilled campaign pledges to stop criminalizing people over cannabis.
The suspension of U.S. sprinter Sha’Carri Richardson for a positive THC test, which kept her from competing in the Tokyo Olympics, also made international headlines and frustrated advocates. But the widespread criticism of the penalty has sparked a review of the marijuana policy, with advocates hopeful it will lead to lasting reform.
MJBizDaily’s most-read cannabis business stories of 2021
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
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