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Election Puts RMJ States In Limbo; NJ Now Northeast Driver
Legal marijuana racked up big progress in the past two years--many bragging of the inevitability of legalization as red states like South Dakota and Montana voted for adult use. And through the legislature, and the guiding hand of outgoing Gov. Ralph Northam, a gold prize of Virginia made the count of legal states grow to 18. But with Tuesday's election night, much of that progress was suddenly thrown out the window. Virginia's Democratic legislative majority also flipped to Republicans along with the vote for Glenn Youngkin
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Key presentations at the ABA-Cannabis conference, Nov. 11 & 12: Colorado Gov Jared Polis will open the conference and Rep. Ed Perlmutter (D-Colo) sponsor of the SAFE banking act and Nancy Whiteman, chief executive officer of Wana Brands, delivers the Nov. 11 luncheon keynote. Thursday night, Maggie Wilson, chief marketing officer of Long Beach-based Fruit Slabs delivers “Cannabis Culture Shock: The Importance of Authentic Education.”
Thursday, Nov. 11 9-10:30 a.m.
· “Diversity, Equity, Inclusion — and Cannabis: Efforts to Shape the Cannabis Industry Worldwide” —Many jurisdictions are implementing social equity initiatives and building community reinvestment programs too address future licensing. Are these efforts succeeding in promoting diversity, equity and inclusion in the cannabis industry? Panelists will discuss the ways in which jurisdictions are seeking to address the disproportionate impact the war on drugs has had on low-income communities and communities of color.
Thursday, Nov. 11 4:30-6 p.m.
· “Enforcing the New Cannabis Legal Framework: Federal & State Prosecution of Illicit Market Cannabis Operations” — State-regulated and compliant cannabis businesses have largely avoided the scrutiny of federal prosecutors, but black-market operations remain and continue to draw law enforcement attention. The panel will discuss where federal prosecution efforts, in cooperation with state authorities, have drawn the line on pirate cannabis operations. Panelists will discuss the Biden administration’s approach to enforcement in this area, and peer into the future in a potential SAFE Banking Act federal legal environment, including its impact on money laundering.
Friday, Nov. 12 4:30-6 p.m.
· “Cannabis & Alcohol, Hospitality & Tourism, Public Safety v. Arbitrary Regulations: It’s a Whole New World” — Businesses, which combine cannabis and alcohol, could face some challenging legal issues, particularly in the hospitality and tourism sectors. As cannabis becomes more mainstream and legal, there is an increase in production of alcohol-infused products. As some businesses have learned, navigating the already complex alcohol and cannabis regulations can be difficult.
Registration begins a $565 for ABA members or $1,200 for non-members.. A full conference schedule may be found at: https://web.cvent.com/event/6dfd564a-b8ff-4301-a500-5d3b3d8978a0/websitePage:645d57e4-75eb-4769-b2c0-f201a0bfc6ce
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CANNABIS News Briefs.......
With a goal of protecting its' prime brokerage clients, J.P. Morgan Chase this week rolled back.....
- NORML: Medical impact study releases compilation of 450+
- D8 Hearings and this Friday's Court Hearing in Texas
- Link of the Week: "The Real (Illegal) California Challenge" https://www.politico.com/news/2021/10/23/california-legal-illicit-weed-market-516868
- Inc's Top 500 "best-led compaines includes MJ-firms Cresco Labs (74), CURALEAF (139), 4Front(193), Charlotte's Web (207) and Ayr Wellness (244)
- Deloitte & BDSA deliver report on MJ's Complex Pricing
- Canopy Growth Reports slight slowdown in net revs to $131Mil in 2nd quarter
- Southern Nevada officials pledge a $4Mil. fund for "Pathway to Ownership" and $2Mil. per year for homeless programs
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