July 03, 2019 | Bloomberg Law

Growing Pains—The Cannabis Industry's Need for Standards

1 min

On July 3, 2019, Tyler Welti and Jeff Weiss published "Growing Pains—The Cannabis Industry's Need for Standards" in Bloomberg Law. The following is an excerpt:

As the march toward legalization of cannabis continues, states and local governments have begun to release a torrent of laws and regulations touching nearly every aspect of the cannabis sector.

This patchwork of often inconsistent and frequently changing law is burdening legal cannabis businesses by creating barriers to market entry, imposing costly changes to business practices, and even requiring inventory to be abandoned.

These costs on legal cannabis business serve to encourage the black market and thus inhibit the realization of public policy objectives underlying legalization, such as protection of the environment and public health.