The Evolution of the Cannabis Industry

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As a serious cannabusiness owner, you know how rewarding it is to cultivate your marijuana plants and reap the reward. All this talk about medical marijuana and recreational marijuana has just recently hit mainstream reports, but how has the marijuana conversation evolved over the past half-century?

1970’s – Marijuana was named a Schedule 1 drug, nearly 75% of cannabis used in the U.S. was sourced from overseas, and President Nixon declared the War on Drugs

1980’s – The U.S. Government patented Marinol, which was a marijuana medication used to treat nausea; penalties for marijuana possession were increased and the efforts to decriminalize marijuana were overruled

1990’s – Scientists discovered cannabinoid receptors, nearly 55% of oncologists surveyed to make marijuana legal by prescription, and California became the first state to legalize Medical Marijuana

Early 2000’s – 13 U.S. states have now legalized Medical Marijuana, the U.S. patented cannabinoids, physicians groups fought to reschedule marijuana, and states strengthened possession guidelines

2010 – 23 U.S. states have now legalized Medical Marijuana, federal guidelines allowed banks to provide financial services to legal marijuana sellers, the Federal Government removed obstacles to marijuana research

2016Strimo Solutions was born, a fully marijuana ERP software solution that integrates manufacturing, accounting, dispensary, and compliance functionality for cannabis growers

Now – 28 U.S. states have legalized marijuana in some way, the new administration could drastically impact the marijuana legislation (read more about our administration predictions here)

 

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