In 2019 the cannabis industry rang in the year for business. As more positive strides were made toward legalization, the industry itself has grown by 38 percent over the last four years, reaching a $12 billion market value. In 2019 alone, 11 states and the District of Columbia have legalized recreational marijuana use. Additionally, a solution to lack of outside financing is in the works, through the proposed SAFE Banking Act.
Other major strides include a rise in the number of commercial banks and financial institutions that now offer financial services to cannabis companies. The number of institutions willing to loan money to cannabis companies is now at 715, where in 2017 only 337 banks were on board. With all the accomplishments we’ve seen in cannabis in just this year alone, we couldn’t overlook the notable work from the business and brands within. Below are four of our favorite impactful cannabis businesses of 2019.