Weekly Wrapup: The Billion-Dollar Cannabis Question + Southern Resistance to MMJ
The debate over cannabis tourism is heating up in Colorado and Washington State as officials develop regulations on retail marijuana sales.
Last week, a task force in Colorado set up to propose regulations on the recreational cannabis industry agreed that visitors should be able to buy marijuana from retail stores, with some limitations. The group will add this recommendation to its final list of suggestions. State officials will then take these recommendations into consideration as they craft rules covering the recreational cannabis industry.
Washington is weighing the same issue, and several businesses hoping to capitalize on cannabis tourism have already popped up.
Whether either state will give the green light to marijuana tourism is one of the most pressing questions for entrepreneurs in the wake of cannabis legalization.
The business benefits are tantalizing: A much bigger customer base, billions of dollars in additional revenues, more sales tax, thousands of additional job openings and limitless possibilities for entrepreneurs.
But allowing visitors to buy cannabis also carries a significant risk: The increased possibility that the federal government will step in.
The Obama administration had already been cracking down on the medical marijuana industry before Colorado and Washington legalized cannabis for adult use. Creating a marijuana market for tourists – let alone residents – is a much more serious issue, and it’s doubtful that the government will simply turn its head and look the other way. Whether that means the feds would try to stamp out cannabis tourism completely or would look to influence the regulatory structure governing such sales remains to be seen.
Of course, supporters of the idea could argue that paving the way for cannabis tourism would prevent the creation of a huge black market for recreational marijuana, which is essentially what the task force in Colorado determined.
Regardless, allowing cannabis tourism would most certainly invite added scrutiny from the Obama administration and increase the chances of federal interference.
Also last week, we wrote about the challenges of getting medical marijuana legislation passed in the South, highlighted by recent developments tied to a bill in North Carolina. Lawmakers in that state said they squashed a medical cannabis bill because MMJ supporters were “harassing” them with letters and phone calls.
This is lawmaking at its worst. Officials are supposed to represent the people, and part of that means listening to – not dismissing – their opinions on issues of the day. The flood of phone calls and emails indicates that there is support for medical cannabis, and it should have encouraged debate, not ended it.
Unfortunately, this incident epitomizes the resistance to MMJ in that area of the country, helping to explain why not one Southern state has legalized medical cannabis to this day. With more than a third of the states in this nation having some sort of medical marijuana law on the books, the South seems woefully out of touch on this issue (to put it nicely).
Other top stories in MMJ Business Daily last week:
The beleaguered campaign to legalize medical and recreational marijuana in Ohio now faces yet another [click to continue...]
A key drug abuse expert has come out publicly saying that CBD is safe and [click to continue...]
Even though Florida hasn’t awarded its five CBD licenses to nurseries that applied earlier this [click to continue...]
A group of unlicensed dispensaries that have resisted attempts to shut them down are now [click to continue...]
Lawmakers in the United Kingdom must consider debating the merits of marijuana after more than [click to continue...]
The wait is nearly over. The New York Department of Health confirmed that it plans [click to continue...]
The third recreational cannabis state is now just months away from beginning sales. Oregon residents [click to continue...]
A dispensary in Nevada that has been hoping to open since February is considering filing [click to continue...]
Nineteen Washington State marijuana stores face suspensions and fines after they failed to properly check [click to continue...]
Concerned with what might happen if voters legalize recreational marijuana at the ballot next year, [click to continue...]
After evaluating a fatal accident that took place last year in Denver, the Center for [click to continue...]
Israel, one of the world’s leading countries on medical cannabis research, will soon be dispensing [click to continue...]
Minnesota’s third medical cannabis dispensary has opened despite the low number of patients registered to [click to continue...]
A business run by the former president and current board member of the California Cannabis [click to continue...]