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%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria 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.

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 NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😂

Walk around NYC and you don't need to buy weed. Just inhale it. Young kids are subject to this change.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Sean 'Diddy' Combs to invest in cannabis business in NYIn a proposed deal, hip-hop superstar and businessman Sean 'Diddy' Combs is looking to invest big in the legal marijuana business in New York.
Source: fox5ny - 🏆 587. / 51 Read more »

Baldwin Park officials helped scam business owner who sought cannabis permit, claim allegesThe city’s corrupt rollout of its cannabis agreements, which is the subject of a federal probe, left business owner David Ju saddled with debt.
Source: ladailynews - 🏆 332. / 59 Read more »