Allowing states to opt-in to interstate commerce would be the biggest economic shift in cannabis since the first states legalized. And a robust, regulated interstate cannabis market is closer than you think.
With the passage of Washington State’s SB5069 on April 14th, 2020, all three west coast states (California, Oregon and Washington) have now passed laws allowing them to regulate commerce between legal (adult use and medical) cannabis markets without waiting for federal legalization. OR and WA’s laws require an indication of tolerance from the US DOJ, while California can move forward with a State AG’s opinion - an opinion that Governor Newsom has already officially requested.
Can a regulated interstate cannabis market take root and bloom without federal legalization? What are the federal legal distinctions between commerce within and between consenting legal markets? Might the US DOJ’s coming guidance tolerate such commerce? What kinds of consumer markets might find such commerce beneficial, and what are those benefits? How will the big, publicly traded multi-state operators (MSOs) and single state operators (SSOs) plan for and execute an interstate commerce regime?
Join the Alliance for Sensible Markets on Wednesday, May 10th for a first-of-its-kind webinar conversation with officials from both producer and consumer cannabis markets on the growing possibility and practical considerations of state-regulated commerce between consenting markets - a dramatic shift that would radically alter and almost certainly improve the economic landscape of legal cannabis.
● Matthew Lee, General Counsel to the California Department of Cannabis Control, and former Deputy Legal Affairs Secretary to Governor Gavin Newsom. Matthew wrote the (historic) memo sent to the California Attorney General on January 30th, arguing that regulating commerce between legal or medical markets would not place the state in additional legal jeopardy.
● Rafi Aliya Crockett, Commissioner with the D.C Alcoholic Beverage (*and cannabis*) Control Board. Rafi serves as Treasurer of the Cannabis Regulators of Color Coalition and has more than 15 years of leadership in risk and regulatory compliance, and is principal at Maroon Consulting.
● Marc Hauser, Founder of Hauser Advisory (moderator). Provides transactional and strategic consulting to the industry. Previously spent 24 years as a deal lawyer, last serving as Partner and Chair of the Cannabis Practice Team at Reed Smith LLP. Marc is also an Adjunct Professor at Northwestern University's Pritzker School of Law and is part-time Director of Strategic Affairs for Jardin Premium Cannabis Dispensary in Las Vegas.
● Adam J. Smith, Founder and President, Alliance for Sensible Markets. Adam conceptualized, co-wrote, and championed Oregon’s landmark 2019 interstate commerce law (on which the 2023 Washington law was also based) and helped write and advocated for California’s 2022 interstate law.
When & where
Wednesday, May 10th, 2023 at 2PM ET / 11AM PT.
Click here to join the webinar.
For more information:
Alliance For Sensible Markets