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Testimony before House Committee on Small Business: "Unlocked Potential? Small Business in the Cannabis Industry"

  • Rayburn House Office Building 45 Independence Avenue Southeast Washington, DC, 20515 United States (map)

Watch the hearing in its entirety on YouTube.

Read our written testimony here.


From the Committee website:

“The Committee on Small Business will meet for a hearing titled, “Unlocked Potential? Small Businesses in the Cannabis Industry.” The hearing is scheduled to begin at 11:30 A.M. on Wednesday, June 19, 2019 in Room 2360 of the Rayburn House Office Building.

While still illegal under Federal law, over a majority of states have legalized medical cannabis use and nearly a dozen with legalized adult recreational use. As the debate about legalizing cannabis strengthens, so does its economic impact with spending in the industry projected to increase to over $20 billion by 2022. The hearing will focus on the opportunities the legitimate cannabis industry presents for small businesses in states with legal cannabis, as well as entrepreneurs from traditionally underserved communities. The hearing will also enable Members to explore the challenges currently faced by those businesses, and also those of “ancillary” or “indirect” cannabis businesses who may not be directly involved in the production or distribution of cannabis products.”

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