Some cannabis firms see ‘disaster’ in federal legalization

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Cannabis entrepreneurs spent decades longing for Washington’s blessing — but now a vocal corner of the industry is afraid federal marijuana legalization poses an existential threat. Two in three Americans live in a state that has approved the sale of recreational weed. What has evolved in the policy gap with federal law over the past decade is a patchwork of state-sanctioned fiefdoms where cannabis markets have largely developed locally and extend just to the border. But the prospect of lifting all federal prohibitions has some business owners, regulators and lawmakers…

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