How The Cannabis Industry Can Begin Interstate Commerce— Legally

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.

It'll be the nicest development in recent years.....

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.

Behind the Unlikely Deal That’s Bringing ‘Goo Goo Muck’ Bucks to This Industry VeteranJim Shaw, who was given publishing rights to the rockabilly song by a friend, is enjoying an unexpected “bonanza” after its use in Netflix’s mega-hit “Wednesday.” netflix Are you talking bout Bloody Mary!?
Source: billboard - 🏆 112. / 63 Read more »

Mortgage lender turned baker leaves the lending industry behind to start a bakeryA 31-year-old mortgage broker who's been laid off twice decided to open a bakery and she's never been happier: 'I don't have the stress of wondering if I'm going to be laid off tomorrow' Opening a bakery is surely no easy task. Good for her...inspiration to others
Source: BusinessInsider - 🏆 729. / 51 Read more »

Layoffs and Hiring Freezes: Media Industry Ends 2022 With Bad News for JournalistsCNN and Gannett staffers face layoffs, NPR announced a near-total hiring freeze as part of cost-cutting measures, and the Washington Post is killing its award-winning Sunday magazine.
Source: VanityFair - 🏆 391. / 55 Read more »

Three UK Universities Ban Fossil Fuel Industry Recruiters From Campus'All three of these universities should be recognized for their climate leadership. It is vital that our universities show with actions, not words, that they are taking the side of climate justice.' peopleandplanet peopleandplanet They should be given the Watermelon award. Green on the outside, commie red on the inside! peopleandplanet It's good to see people with morals standing up for what's right! peopleandplanet BS
Source: commondreams - 🏆 530. / 51 Read more »

Music Industry Pushes Lame Duck Congress to Pass Tax-Deductible Recordings BillAs the 117th Congress winds to a close, industry advocates are urging leaders on Capitol Hill to pass the long-simmering HITS Act before the January changeover.
Source: billboard - 🏆 112. / 63 Read more »

Dutch asteroid mining company to relocate to Denver in a win for Colorado’s space industryAsteroid mining company Karman+ plans to relocate its headquarters to Denver from the Netherlands in a boost for Colorado’s burgeoning space industry. The European space resources startup wil… I like the idea of mining asteroids. Not pictured: asteroids
Source: denverpost - 🏆 13. / 72 Read more »