Just as the global economy was finally recovering from the 2007–2008 financial crisis, the coronavirus pandemic struck, effectively plunging the world into the worst recession since World War 2. International travel came to a near-total standstill as countries tried to prevent the virus from entering their borders, disrupting global supply chains. The resultant lockdown and self-distancing orders were devastating for most industries; one of the hardest hit was the hospitality sector, which shouldered millions of lost jobs.
The cannabis industry fared relatively well, on the other hand, with cannabis companies reporting month-over-month sales records even as the pandemic ravaged the economy. In the United States, states with legal cannabis markets such as California collected as much as $2 billion in cannabis tax…
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