Myth Of Big Marijuana: Why Corporations Aren’t Taking Over The Weed Business
Fears that giant corporations will take over America’s burgeoning marijuana industry are massively overblown, according to a report by the Brookings Institution.
As more states legalize marijuana and businesses and entrepreneurs look to capitalize on the drug’s legal status, marijuana opponents are voicing concerns the substance could morph into the next big tobacco.
Talk of big marijuana has made it into headlines and opinion pieces as skeptics fear the rise of a new corporate lobby pursuing profits above all else and manipulating the political process.
But according to scholars at Brookings, these fears have little basis in reality and there’s no sign of so-called big marijuana on the horizon. A report titled “Worry about bad marijuana—not Big Marijuana,” by John Hudak and Jonathan Rauch makes the case against this kind of alarmism.
As businesses become established in the marijuana sector, the industry will remain highly diverse even if big corporations do eventually...
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