Who Killed the U.S. Cannabis Market? Blame Canadian Investment Bankers
How speculative finance and distorted incentives hollowed out American weed. On a sunny afternoon in Santa Monica in the spring of 2018, I sat on a hotel patio with the owners of two up-and-coming cannabis businesses: one a popular low-cost brand and the other a NorCal farming co-op. I had an all-cash offer from investors […]
Cannabis Was Built by Breeders. The Legal Market Is Being Forced to Acknowledge That
For decades, cannabis breeders grew the plant that everyone profits from. They selected, stabilized and preserved genetics under prohibition, often at real personal risk. Then legalization arrived, and much of that work was absorbed into the commercial market with little credit, less consent and almost no compensation. Strains were renamed. Lineage was blurred. Provenance became […]