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:
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.
Verano cannabis cultivation takes root in massive ex-retail space as legal industry gears upVerano's grow facility in Branchburg, N.J., is housed in a 120,000 building that used to house a Walmart store that closed in 2018 Please explain how cannabis is gearing up the sector is down 90% . And they just eliminated a bill from the Trillions of dollar package .And Democrats have ⚠️ LIED ⚠️ for 2 years . Explain the path to legalization ? Americans want to know Boycott Tesla Yea !!!!!!!!!!!!!!!
Source: MarketWatch - 🏆 3. / 97 Read more »
'Kidults' dominate the toy industry thanks to social media, pandemic'Kidults' age 12 and up are buying more toys than ever, with teens and adults driving significant growth for the industry thanks to the pandemic and TikTok
Source: BusinessInsider - 🏆 729. / 51 Read more »
Shady marijuana industry also killing migrant workersAs we have noted many times in this space, marijuana is not a harmless drug. It is extremely detrimental to human health, especially to young people. It can cause permanent brain damage and psychosis, and it shows up at alarming rates in the bloodstream of people killed in traffic accidents. but must keep the border open for the 1 cause of drug deaths You just never quit serving your lord and masters in Big Pharma and Big Alcohol. Pathetic.
Source: dcexaminer - 🏆 6. / 94 Read more »
Crypto can get weird: The 5 strangest stories of the industry in 2022From a hack leading to a rap career and Netflix series to a bankrupt company's token soaring 4,000%, these stories are stranger than fiction. Follow the link for more. Super bullish and awesome $TU TU nice to have you, don't miss this great opportunity, there is only one and one project that has great potential that is TUERC20 🐇 ETH UNISWAP CRYPTO Crypto industry indeed strange Do we really want crypto, Bitcoin in particular, to be regulated?
Source: Cointelegraph - 🏆 562. / 51 Read more »
Media Industry Admits Defeat: No Chance of JCPA This CongressThe Radio & Television Business Report, a media trade journal, has admitted defeat on the Journalism Competition and Preservation Act (JCPA), conceding that the gravy train for the corporate establishment media will not be passed in this congress. I hear Disney is selling ESPN and NBC. Maybe my president will buy them . Journalism getting paid to “NOT” to Journal, Who would have ever thought the day would come. It’s ok, The People will do it it without Media!!!! It's hard to imagine the media getting more biased. Bill Gates gives millions to online newspapers and they know exactly what to cover and what to cover up. If the government funded them instead it would be the same deal, since the oligarchs and govt are aligned.
Source: BreitbartNews - 🏆 610. / 51 Read more »
How crypto could be good for CBDC and vice versa: Industry exec explainsCBDCs and regulated cryptocurrencies could potentially complement each other in the future as the two types of digital currencies have their own benefits, INX deputy CEO said. Complement each other? USDC will just become CBDC and that's it. USDC has never been a crypto. “In my vision, the CBDC ecosystem will not be different, but we have a long journey ahead of us till we get there,” INX deputy CEO said, adding that balance between CBDCs and crypto would be a “master art.” Yeah, there is an analogue of CBDC in crypto - it's USDC, but I do not understand why Circle claims to support DeFi, if they are, in fact, run by the state
Source: Cointelegraph - 🏆 562. / 51 Read more »