As of late, despite its nagging presence on the Federal Schedule I Substance list, cannabis reform has been sweeping the country. Thirty-nine of 50 states have some sort of cannabis law on the books to legalize the medical side, and four states: Alaska, Colorado, Oregon, and Washington as well as the District of Columbia, have completely adopted its legalization. As those remaining states begin to see the massive tax benefits legalization brings, and the medical uses of cannabis are better understood, it won't be long until cannabis is rescheduled or outright legalized federally.

The medical cannabis industry remains one of the least understood and least developed markets out there, mostly because of its questionable legality. This issue of legality not only touches the sale, cultivation, and transportation of cannabis, but also every part of the medical cannabis industry chain. The hurdles surrounding cannabis affect research and development, distribution of product, cultivation equipment production, and even what kind...