The state of cannabis today is reminiscent of alcohol prohibition from 1920-1933. The federal illegality of cannabis has created a highly complex, opaque and capital constrained environment
Today, federal legalization of cannabis should unlock significant tax dollars, decimate the illicit market, reduce the prison population and have a major impact on the opioid crisis. Over 60% of Americans agree as evidenced by their support for full legalization. For now, access to capital is sparse and costly for businesses attempting to build out the infrastructure required to support this fragmented market, thus creating the opportunity for Archytas.