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  • Writer's pictureJohn Kim

Cannabis Policy Summit

A Cannabis Policy Summit was held in Washington D.C. to discuss the current state of cannabis policy in the United States. The event, which was hosted by the Cannabis Business Times, brought together policymakers, industry leaders, and advocates to address the challenges and opportunities facing the cannabis industry.

One of the highlights of the event was the Congressional Forum, which featured a panel of lawmakers who discussed the prospects for federal cannabis legalization. The panel included representatives from both parties who have been vocal supporters of cannabis reform, including Rep. Earl Blumenauer (D-OR), Rep. Don Young (R-AK), and Sen. Cory Booker (D-NJ).


The lawmakers discussed the challenges facing the cannabis industry, including the lack of access to banking services, the difficulty in obtaining federal research licenses, and the patchwork of state laws that make it difficult for businesses to operate across state lines.

They also discussed the potential benefits of federal cannabis legalization, including increased tax revenue, job creation, and reduced criminalization of non-violent drug offenses. The lawmakers expressed optimism about the prospects for federal cannabis legalization in the near future, citing the growing public support for the issue and the changing attitudes among their colleagues in Congress.


Another important topic of discussion at the summit was social equity in the cannabis industry. The panelists acknowledged the disproportionate impact of the War on Drugs on communities of color and emphasized the need to ensure that these communities are not left behind as the industry grows.


They discussed initiatives such as expungement of criminal records for cannabis offenses, targeted grants and loans for minority-owned cannabis businesses, and efforts to ensure that the benefits of the industry are shared fairly among all communities.


Overall, the Cannabis Policy Summit was a valuable forum for stakeholders in the cannabis industry to come together and discuss the future of cannabis policy in the United States. The event highlighted the challenges facing the industry, but also the tremendous potential for growth and progress in the coming years.


As the momentum for federal cannabis legalization continues to build, it is important that lawmakers and industry leaders remain committed to ensuring that the benefits of the industry are shared fairly among all communities, and that social equity remains a top priority. The Cannabis Policy Summit was a positive step in that direction, and I look forward to seeing the progress that will be made in the years ahead.


Reference: https://cannabisbusinesstimes.com/news/cannabis-policy-summit-congressional-forum/

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