One thing most people agree on: Federal marijuana legalization is coming. It’s just a matter of when — and how it will impact existing state markets, such as the one currently growing in Michigan. With the inconsistent patchwork of state laws across the nation regarding medical and recreational marijuana, the implications of federal legalization, accompanied by new taxes, is creating some anxiety. “Opening up interstate commerce would destroy Michigan’s cannabis industry and leave us with nothing but multi-state operators to purchase from,” said Rick Thompson, a Michigan cannabis pioneer and director of the Michigan chapter of the National Organization for the Reform of Marijuana Laws (NORML). Thompson said everyone he knows “stands in opposition to at least some of the” current version of the proposed federal legalization plan. Some of the worry centers on marijuana surpluses in Canada and other states, like Oregon, where producers would benefit greatly from the ability to dump cheap products into the Michigan market, undercutting existing businesses along the way.
420 Intel – Marijuana Industry News, 09/23/2021 20:00:00