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Cannabis Business Minds


Thank you for listening to Cannabis Business Minds. This show is produced to provide our listeners with valuable information on the cannabis industry. 

Feb 28, 2017

Though we feel that it is rarely a good idea to discuss politics in a business environment, we have recorded a special podcast to discuss the Trump administration's stance on cannabis and how it may impact the thriving cannabis community in the United States. We live in a world of uncertainty, add in cannabis and the uncertainty of the new administration's policies, and that uncertainty is MASSIVE. In an earlier post, we discussed our worry of what could happen with Trump's policy on cannabis. Here are a few facts before we dive into our analysis: It's Illegal and we're protected just by a few memos that can be wiped away. As of February 2017, 42 states have some form a cannabis legalization in place. 30 states have legalized medical medical marijuana, 8 states and D.C. have legalized the adult use of marijuana, and many more (13) have at least some type of cannabidiol law in place. Cannabis is a schedule 1 drug under the Controlled Substance Act and is FEDERALLY illegal. We are all aiding and abetting in a federal crime, despite it being legal in more than half of the United States. The DOJ announced in 2013 it would not directly challenge state marijuana legalization laws and would tone down enforcement of federal laws against pot sales in states allowing the practice. (Cole Memo). This is after massive years of DEA raids and the cannabis eradication programs. The Rohrabacher-Farr Amendment also has protected the thriving medical marijuana program (including Puerto Rico and Guam). It's not Killing Anyone, and actually looks like some good is coming out of it Tax revenues in adult use states are massive (Oregon reported over $60Million in taxes its first year of licensing) Studies have suggested that cannabis is a tool to help fight the massive opioid addiction in the United States. Drugged driving, deaths, and other scare tactics as it relates to cannabis have yet to be discovered with the legalization of marijuana. Public safety remains a huge issue for the cannabis community as it relates to being an all cash business The industry is still very young, and there is clearly much more work to be done with respect to cannabis regulation. What the TRUMP? We wrote about it here, but Trump has said he thinks it is a states right issue. He has leaned more towards medical than adult use. We know Sessions (Attorney General) is a critical, and we just learned that Sean Spicer's wifey is the senior vice president of National Beer Wholesalers Association, which represents the interests of beer distributors.  On February 23, 2017 in a press conference, Sean Spicer, elaborated on the administrations' stance on cannabis, with a clear stance that recreational marijuana is clearly different than medical marijuana. We encourage you to read the transcript here: On February 27, 2017 Jeff Session further elaborated that he didn't want recreational marijuana to become more prevalent in the United States, stating, "We’re seeing real violence around that. Experts are telling me there’s more violence around marijuana than one would think and there’s big money involved."    Help Us Out! Please subscribe to our podcast and help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds. We really appreciate it! What you can do: Sign this petition Join our FB Group Spread the word and continue to lobby Show Credits: We wouldn’t be able to produce this show, without our brilliant podcast editor and producer Gustavo Bulgach from East Venice Studios. Intro/Outro music is Funkadelicoscious, by Ketsa.