Cannabis analyst Vivien Azer and New York Senator Liz Krueger were among the speakers addressing finance professionals in Manhattan this week.
Allowing farmers to sell hemp and CBD products to medical cannabis businesses gives hemp farmers “another market for their products,” said ag commissioner Richard Ball.
A working group held its final meeting to discuss the creation of a “comparable-to-organic” certification, as organic status is off limits to growers so long as cannabis is federally illegal.
These would be the first cannabis legalization ballot measures to qualify for 2020, if validated by the Secretary of State.
The coalition’s members include Green Thumb Industries, PharmaCann, and Cresco Labs.
And will the legislature get involved too? “It’s going to be a hot topic.”
New York Senator Liz Krueger, speaking at a cannabis event on Tuesday evening, also shared where the state’s legalization effort this year went wrong.
For the first time, a “regional approach” to cannabis legalization and regulation emerges, led by governors in New York, Connecticut, Pennsylvania, and New Jersey.
The Assembly heard from the Bureau of Cannabis Control, the attorney general’s office, health and tax officials, and cannabis businesses Wednesday as the state deals with overlapping regulatory hurdles.
Governor Gavin Newsom signed most of the cannabis-related bills that reached his desk.
The state tried to legalize adult-use cannabis this year, but only managed to expand their existing medical cannabis program.
The list of companies includes some expected entities, like Chicago-based Cresco Labs and PharmaCann. But there are some surprising companies lobbying, too.
An unrelated meeting at the USDA led former Lt. Gov Carlos Lopez-Cantera to the Hemp Industry Association of Florida.
What regions get to apply a geographical label to its cannabis? Does an international perspective help? Should a name be connected to the land?
More and more state financial institutions in California are banking or considering banking cannabis businesses, according to state officials.