Washington DC’s long-stalled recreational cannabis market could get a new lease on life now that Democrats control both chambers of Congress, a development that could generate more than $200 million in annual sales for local marijuana retailers in a few years.
At the same time, the District’s existing medical cannabis companies have gotten a shot in the arm now that a new regulatory agency oversees the industry.
The new regulator – the District’s Alcoholic Beverage Regulatory Agency (ABRA) – has taken steps to boost medical marijuana patient counts and make it easier for companies to operate.
The ABRA also would likely play a key part in rolling out a new recreational program.
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