Part 2 of a Two-Part Series
In last week’s article we discussed some of the recent developments at the state, federal, and international levels that have given cannabis businesses new reasons to be optimistic in 2021. In this second of a two-part series, we will briefly discuss some of the key findings of the recent Joint Legislative Audit and Review Commission (JLARC) study on the legalization of marijuana and the report issued by Governor Northam’s Virginia Marijuana Legalization Work Group which discusses the impact of legalization in Virginia. While neither document recommends the legalization of marijuana, both consider wide-ranging issues surrounding legalization such as taxation, banking, criminal justice reform, licensing, regulations, legislative changes, and consumer safety, and make recommendations on how to address those issues.