While much of the news about the cannabis industry seems mixed-to-grim, we at CanopyBoulder are hearing more stories of success than failure. Many of our portfolio companies are thriving amidst the global pandemic. Below we are highlighting the story of Royal Supply, a packaging supply and solutions company serving the cannabis industry that is setting new sales and growth records. Royal Supply graduated from the recent Winter 2020 CanopyBoulder Accelerator cohort.
Somehow, the secret got out. You know what secret I’m referring to - the one about CBD and hemp being the next big thing.
The cannabis industry changes fast and the trends and opportunities that come along with this nascent industry change right along with it.
On June 25th 2019, Illinois became the 11th state, along with the District of Columbia, to legalize adult-use cannabis, and the first to do so by the legislative process. This followed a long month of anticipation after the Democrat-controlled House of Representatives passed the measure 66-47 in late May, and it was sent over to the desk of Gov. J.B. Pritzker.