It may be instructive to consider the potential effect that the pandemic will have on the cannabis legalization movement.
While cannabis remains illegal in the US at the federal level, by 2020 there were already 33 states that had legalized its use for medical purposes, along with a further 11 where recreational cannabis is also legal.
Illinois officially kicked off its first day of adult-use cannabis sales in January this year, and New York was considering legalizing recreational cannabis until the unprecedented spread of coronavirus forced the state government to place the project on indefinite hold.
Unfortunately, several significant roadblocks still remain in place for the US cannabis industry, despite the plant's growing mainstream acceptance with American consumers.
And the most glaring of these issues is the federal government's ongoing failure to enact safe harbour legislation for the insurance and banking sector, which has forced US cannabis companies to operate without easy access to insurance coverage or financial assistance.
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