Why “Big Marijuana” May Spell Trouble for the Artisanal Weed Industry

You’ve heard of Big Pharma and Big Tobacco. How about Big Marijuana?

The drug’s growing legalization is raising concerns among small-scale marijuana farmers and retailers that the corporatization of weed may be right around the corner.

For example, earlier this year NASDAQ became the first major US stock exchange to list shares of a marijuana production company. And in August, Corona-maker Constellation Brands shocked Wall Street by making a $3.8 billion investment in a Canadian marijuana producer, sparking a bull market in marijuana stocks industry-wide. Even Coca-Cola is exploring opportunities to get involved.

Corporate and Wall Street interest in weed is only going to increase now that three more states have legalized recreational or medicinal marijuana use — bringing the total to 33 — while Canada recently became the second country to allow recreational uses of the drug.

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