Opinion: Here’s Why the Craft Cannabis Industry Can Thrive in the Face of Big Marijuana

In 2012, Washington and Colorado became the first states to legalize recreational marijuana. Since then, more states have followed. To date, 33 states have legalized the recreational or medicinal use of marijuana. Canada legalized recreational use nation-wide in October 2018. As these legal markets emerge, investments are pouring in (by one estimate, consumer spending on marijuana will reach $23.4 billion in 2022), including two high-profile investments from Corona-maker Constellation Brands STZ, +0.55% and Marlboro-maker Altria…