How The Cannabis Industry Can Begin Interstate Commerce— Legally

  • 📰 Forbes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

A federal ban on marijuana and several state laws make selling and transporting weed across state lines illegal. Here’s the road map for changing that.

Road to Nowhere: Because of cannabis prohibition, companies can only do business in one state at a timef Jonathan Elfand is good at anything, it’s shipping weed across borders. In the 1990s, he smuggled cannabis from Mexico by sealing it inside empty salsa cans and packing them on a truck headed to San Diego. The cannabis, totaling a few tons over seven years before the feds caught him, made its way to Florida, New Jersey and New York.

While cannabis is banned at the federal level, recreational use is now legal in 19 states, with five more on the ballot this November. But every state that has legalized weed has also passed laws banning interstate commerce, meaning every cannabis market is restricted to the state. What that means on an operational level is that cannabis companies can only sell products in the state in which the cannabis is grown, even if that company has a facility in another state where cannabis is legal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer: Crypto industry spends millions on U.S. midterm electionsThe cryptocurrency industry has spent millions of dollars on U.S. midterm election races during a year of heavy losses and upheaval in the sector, which hopes to gain sway among legislators as Congress debates tighter regulation of digital assets. LOL great job, crypto 😂 Crypto is collapsing
Source: Reuters - 🏆 2. / 97 Read more »

Developer Experience Supremacy: Here’s What Industry Experts Say About It | HackerNoonThe focus on enhancing the developer experience is evolving rapidly post COVID, as businesses embark on the digitization journey. What really does this entail?
Source: hackernoon - 🏆 532. / 51 Read more »

What Bernd and Hilla Becher Saw in the Remnants of IndustryThe husband-and-wife photography team spent decades rigorously documenting the postwar architectural landscape—and captivated the art world along the way. I've got that vibe. my image. WTF is up with this? wtf twitter?!
Source: NewYorker - 🏆 90. / 67 Read more »