Corruption creates an uneven playing field for those looking to get in on the business. Those that are moneyed, stand a better chance at getting licenses, locking out minorities and other smaller players.
The Sunshine State may soon join the exclusive club of states that have legalized cannabis for both medical and recreational use.
In early August of 2019, the FBI officially announced that it was investigating possible corruption in the US cannabis industry. In a recent podcast, Mollie Halpern, an FBI Public Affairs Specialist, said that there is more corruption in central states where licensing is not centralized.
The signing of HB 1438 into law brings with it new opportunities and benefits for Illinois residents. Not only can they expect to have the legal ability to buy recreational cannabis in 2020, but close to 800,000 people will have their criminal records expunged for having been convicted of possession or purchase of marijuana.
Despite the many strides that have been made to legitimize cannabis use for therapeutic and recreational purposes in many states, it continues to be federally classed as a Schedule I drug. Pros, such as former Baltimore Ravens offensive tackle, Eugene Monroe, is a good example of how publicly endorsing cannabis can work out badly.
Most people are worried about receiving a fine, less than a year jail time or probation if caught with marijuana in the U.S. Other countries do not take drug offences lightly and impose the harshest of penalties including death.
Senate Minority Leader and New York Representative have worked side by side on the Marijuana Freedom and Opportunity Act. Let’s take a quick peek at the summary of what this bill entails and what it can mean for the cannabis industry, consumers and communities nationwide.