Ensuring Entrepreneurs and Businesses Stay Informed of Developments in the Burgeoning Cannabis Industry

Study Finds No Significant Change in Post-Legalization Crime Rates

A new study published by Justice Quarterly suggests that recreational marijuana legalization did not have a statistically significant impact on violent and property crime rates in Colorado and Washington. The study, titled “The Cannabis Effect on Crime: Time-Series Analysis of Crime in Colorado and Washington State,” was conducted by researchers from Washington State University, Stockton University, and the University of Utah.

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The Joint Status Report, A Cannabis Industry Podcast Presented by Locke Lord – Ep. 11

On this episode of The Joint Status Report, Chicago Partners Doug Sargent and David Standa discuss recent trends impacting the CBD industry and how regulated testing may be implemented at the state level (1:10). David Standa is then joined by Chicago Partner Mike Wilson to interview Michael Norton of Houlihan Capital (www.houlihancapital.com/industries/cannabis), who discusses the various services Houlihan can offer to the cannabis industry (6:27).

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Second Act: Illinois Lawmaker Proposes Bill To Regulate the CBD Industry

Fresh off becoming the first state to create a recreational marijuana market via legislation, at least one Illinois lawmaker remains focused on the cannabis industry. On October 2, 2019, Illinois Representative Bob Morgan (D-Deerfield) introduced the CBD Safety Act (HB 3906), which will mandate that CBD products meet labeling and minimum testing requirements pursuant to rules adopted by the Department of Agriculture.

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Attorneys General Urge Congress to Allow States to Decide Whether to Legalize Marijuana

Last week, a bipartisan group of 21 state attorneys general sent a letter to congressional leaders imploring Congress to pass marijuana reform legislation. Specifically, the letter exhorts Congress to pass the proposed Strengthening the Tenth Amendment Through Entrusting States Act (the “STATES Act”), or similar legislation, that would “allow each State and territory to determine, for itself, the best approach to marijuana legalization within its borders, while at the same time creating protections to ensure that such regulation does not impose negative externalities on those states and territories that choose other approaches.”

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The Joint Status Report, A Cannabis Industry Podcast Presented by Locke Lord – Ep. 10

On this episode of the Joint Status Report, Chicago Partners Doug Sargent and David Standa discuss the significance of the SAFE Banking Act passing in the House (1:11) and then interview the founder of Project Yosemite and maker of the OLO sublingual cannabis strip (www.getolo.com) Andrew Mack about how he is navigating the complicated California cannabis industry as well as how OLO provides a unique cannabis experience (7:25).

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The Marijuana Job Market Is Lit

The cannabis-related job market continues to expand according to a PoliticoPro report (subscription required) that analyzed data from Indeed.com, an employment search engine. In May 2016, cannabis job postings accounted for 231 per million total job postings. By May 2019, that number has increased nearly four-fold to 915 postings per million.

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Could the Dominos Fall the Other Way in 2020? Governor Cuomo Seeks Cannabis Cooperation Amongst New York, New Jersey, and Connecticut

Earlier this year, New York, New Jersey, and Connecticut failed to pass legislation for legalized recreational marijuana despite what appeared to be overwhelming support for such measures. As we discussed here, early optimism gave way to legislative frustration as representatives struggled to put together bills sufficient to garner enough votes.

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