Marijuana-Related Business (MRB) means any business that grows, produces, processes distributes, transports, imports or sells marijuana or marijuana products. Many states in the US have classified marijuana businesses as an essential service under COVID-19 either for medical or recreational purposes. Marijuana-related businesses have increased from May 2016 to February 2020 by 367% as 33 states have legalized the use of cannabis. Marijuana-Related Business: Data There are about 16,979 entities in 36 states with 31,357 licenses in the United States. The licenses are classified into a dispensary, producer, wholesaler, retail, and service provider. The majority of licenses are issued and located mainly in five states including:
- California: 39% of licenses and 27% of entities
- Oklahoma: 15% of licenses and 23% of entities
- Oregon: 10% of licenses and 14% of entities
- Washington: 10% of licenses and 12% of entities
- Colorado: 17% of licenses and 11% of entities
- Direct Marijuana Business: grows, produces, processes, distributes, or sells marijuana or marijuana products.
- Indirect Marijuana Business derives revenue for the previous year from sales to direct marijuana businesses, which supports the development and improvement of marijuana.
- COVID-19 is a short-term hindrance to the state and federal reform efforts.
- Alcohol prohibition was lifted in 1933 to generate revenue during the depression. There is economic pressure due to COVID-19 to look for new sources of revenue. Marijuana is a major contributor to the US Economy.
- Discussion regarding Marijuana eligibility for The Coronavirus Aid, Relief, and Economic Security (CARES) Act and if considered as “essential business”.