In case you missed it, Amazon the worldwide delivery giant announced its support for nationwide legalization via the MORE Act and said the company would stop drug-testing some employees for cannabis use.
Amazon’s support for cannabis legalization is a big deal. The company employs nearly 1.3 million people worldwide, and this announcement knocks the legs out of the prohibitionist fable that people who enjoy weed on their own time can’t be healthy, happy, and productive workers.
But it also raises the specter of Amazon, post-legalization, eating the cannabis industry’s lunch. The idea of Amazon Prime drones dropping weed on America’s front porches doesn’t just scare old-time prohibitionists. It sends shivers through cannabis retailers, too.
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Known for solutions that yield results, Seth Yakatan has completed or advised on acquisitions and corporate finance transactions totaling over $3 billion. He is CEO of Katan Associates International—a financial strategy and merchant banking firm specializing in commercialization and asset monetization—especially those within life-science and e-commerce sectors.