COVID-19 interstate compacts could be a model for regional marijuana trade
Posted On May 27, 2020
- Industry leaders floating the idea include Steve DeAngelo, co-founder and head of Northern California’s Harborside Health Center , among the nation’s largest cannabis dispensaries, and also co-founder of The Arcview Group , a leading cannabis investment and market research firm.
- Examples include the New York New Jersey Port Authority Compact covering transportation between the two states, and interstate compact agreements that allow people to move to another state while on parole.
- There’s also now a Western Alliance of US states that’s similarly coordinating coronavirus response, and it includes the biggest legal cannabis markets in the country California, Oregon, Washington, Colorado and Nevada.
- Also, through economies of scale, increased lobbying power, and the ability to buy out competitors and market share, interstate commerce would give larger and better-funded companies distinct advantages over smaller businesses, which already struggle to compete in the current system.
- That would alter the entire economic structure of the cannabis industry, according to Jason Ortiz, president of the Minority Cannabis Business Association (MCBA).
Read full article: leafly.com