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%

Canada News News

Canada Canada Latest News,Canada Canada 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.

The use of weed makes obedient fools out of people, it is very convenient for those who create laws to worsen people's lives or to scam elections

Laws that lead to the stupefaction of the population

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 CA

Canada Canada Latest News, Canada Canada Headlines

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

Growth in Colorado’s aerospace industry ripples through earthbound real estate businessColorado is second only to California in the size of its aerospace industry and real estate agents are working with companies looking for new buildings to make room as they continue to expand.
Source: denverpost - 🏆 13. / 72 Read more »

Dogecoin Creator Explains What He Hates About Industry and Why He Created DOGE$DOGE creator believes we will see situations like FTX again on the market and reminds everyone why he created Dogecoin Is there anything like it? Theyy don’t want youu to know thiss
Source: Utoday_en - 🏆 295. / 63 Read more »

Binance CEO says crypto industry needs clarity of regulationsDominant cryptocurrency exchange Binance's chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants 'cutting corners'. Now he tells us Crypto is a ponzi scheme designed to launder money. It needs to be stopped. Hilarious!!! Binance is based in the Cayman Islands. Come onshore then, and get regulated.
Source: Reuters - 🏆 2. / 97 Read more »

Why Ampere Computing CEO Renee James is optimimistic amid possible recession - Silicon Valley Business JournalThe former Intel President's chipmaking startup is thriving despite broader industry turmoil.
Source: svbizjournal - 🏆 334. / 59 Read more »

State regulations move to change solar power pay structure - San Francisco Business TimesThe California Public Utilities Commission has just thrown a curveball at the solar industry.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »