*By Amanda Weston* Cannabis is about to experience its biggest year yet, according to the CEO of Vertical Wellness ー but 2020 promises even more growth for the industry. "2019 is going to be the biggest year in history, until we get to 2020," Smoke Wallin, CEO of Vertical Wellness, told Cheddar Tuesday. "When you're on an exponential growth curve, every year is going to be giant. But this year is going to be bigger than any year before." 2018 saw major strides in the cannabis industry. Michigan [became the 10th state](https://thehill.com/homenews/state-watch/420008-legal-recreational-pot-begins-in-michigan) to legalize recreational marijuana, and Congress passed [the 2018 farm bill](https://www.washingtonpost.com/business/2018/12/11/congresss-billion-farm-bill-is-out-heres-whats-it/?utm_term=.7540f31a03ae), which legalized recreational hemp. But Wallin said this is just the beginning for the industry, likening it to another substance that rocked the country. "We're in the greatest growth opportunity in our lifetime," Wallin said. "Not since the repeal of Prohibition was there a category at this kind of scale that was illegal that became legal. So we're in the midst of that process and we're in the very early days. People say, 'what inning is it?' I say it's maybe first inning of preseason training." Vertical Wellness is putting itself at the forefront of the hemp market. The company has lined up 5,000 acres for growing, which it says could produce an estimated $1 billion in CBD oil. Vertical Wellness is also gearing up for an Initial Public Offering. Another major industry growing opportunity came when Gov. Andrew Cuomo (D-N.Y.) said he would [push for recreational marijuana legalization](https://www.nytimes.com/2018/12/17/nyregion/marijuana-legalization-cuomo.html) this year. For Wallin, it's a good start ー but ultimately not enough. "We were really excited that the governor decided to push forward on his agenda, but I have to say I'm a little disappointed in his numbers," Wallin said. "He came out publicly and said $300 million in tax revenue. It's going to be at least $1 billion for the state and communities here." For full interview [click here](https://cheddar.com/videos/2019-will-be-biggest-year-in-cannabis-history-vertical-wellness-ceo-says).

Share:
More In Business
Michigan Judge Sentences Walmart Shoplifters to Wash Parking Lot Cars
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
Load More