Industry stakeholders joined MJBizCon’s second Passholder Days Forum on Wednesday to talk about “Election 2020 Results: The New Opportunities in Cannabis.”

 

Get up-to-date insights on state poll initiatives and all issues Election 2020 for hashish at MJBizCon. We began with Election Week, Nov. 2-4.

The U.S. common election on Tuesday proved that hashish legalization is common throughout vastly completely different areas of the nation – offered it makes it to the poll field, industry specialists mentioned.

Speaking on an election panel Wednesday throughout Marijuana Business Daily‘s Passholder Days Forum, Dan Pabon, chief authorities affairs officer for Denver-based vertically built-in hashish firm Schwazze, mentioned “cannabis is becoming less and less of a partisan issue.”

“If cannabis can serve as the uniter on these issues, perhaps we have a pathway forward where we can find common ground on both sides of the aisle,” he added, referring to Democrats and Republicans.

Overall, the marijuana industry secured massive wins on Election Day as voters in 5 states legalized medical and leisure hashish.

But the outcomes of the federal elections stay murky by way of what is going to occur within the U.S. Senate and who will win the White House – President Donald Trump or former Vice President Joe Biden.

Pabon famous that with the 5 marijuana legalization victories, congressional lawmakers in these states could have “more cover on this issue than they had previously.”

That could help additional the trigger for federal legalization of medical and/or leisure marijuana.

The panel agreed that each federal banking reform for hashish corporations and altering Section 280E of the federal tax code will largely rely on the probability of the Democrats flipping the Senate, which seems more and more unlikely.

Below are summaries of what the panel mentioned concerning the 5 state initiatives:

New Jersey

Matt Schweich, deputy director of the Marijuana Policy Project, agreed that the state could be a domino and trigger others within the area to legalize leisure marijuana, together with New York and Pennsylvania.

“The alternative is New York and Pennsylvania are senselessly donating millions of dollars to the Garden State,” he added.

Arizona

Schweich identified that Arizona is extra of a purple state by way of Republican and Democratic voting habits, which “speaks to the fact that marijuana reform can win in every country.”

He added that the state’s medical marijuana is well-developed, which ought to lead to a easy transition to leisure gross sales.

Montana

The new legislation permits solely Montanan residents to personal leisure marijuana companies, a licensing construction that has resulted in authorized challenges elsewhere, together with in Maine.

Schweich mentioned the initiative was drafted to attraction to voters, regardless of these “legal question marks.”

South Dakota

“This is the smart way to do it,” Schweich mentioned of voters’ approval of each medical and leisure marijuana.

He added that there’s “no rational reason” why a program should start with medical marijuana gross sales earlier than transferring to leisure hashish.

“That transition is fraught with challenges,” he added.

Mississippi

Chanda Macias, CEO of Louisiana-based Ilera Holistic Healthcare and head of hashish professionals group Women Grow, mentioned the legalization of medical marijuana picks up on tendencies seen elsewhere within the South.

For instance, Florida, Oklahoma and Arkansas permit the sale of MMJ flower in these markets, and Mississippi will do the identical underneath its new medical program.

She expects different states within the area to observe go well with.

“Texas is coming,” Macias mentioned. “It’s not ready yet, but it does hit, it will be a tremendous force for the industry.”

– Bart Schaneman



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