NCIA Logo
~
The legal marijuana industry is preparing to reconvene in Denver next week, for the second annual Cannabis Business Summit and Expo. The event, presented by the National Cannabis Industry Association (NCIA), is billed as “Where Commerce Meets a Revolution.” And on a more practical side, it is also one of the largest and most influential business-to-business conferences and trade shows for the legal cannabis industry.
 
The 2015 event is expected to feature leading cannabis entrepreneurs, around 130 speakers, tours of some marijuana-related companies and facilities in the metro Denver area, as well as workshops focusing on specific cannabis industry challenges.
 
There is also an unexpected political element to this year’s Summit and Expo: Sen. Rand Paul (R-Ky), a 2016 presidential candidate, will reportedly host a “private briefing” for campaign donors on June 30, on the sidelines of the NCIA conference. The Association notes this is the first time a major-party presidential candidate has held a reception at a cannabis industry event.
 
And NCIA Deputy Director Taylor West says it’s an indication of just how much has changed among lawmakers in Washington, DC, when it comes to their perceptions of legal marijuana’s future.
 
“It is much more of a legitimate conversation now,” she tells WeedWorthy. “In the last few years, we have seen a real change in that sentiment. And now there seems to be a tremendous amount of curiosity, to be honest, about what this industry is doing, what the challenges are that they face and what role the federal government has in addressing some of these things.”
 
West notes there’s also been encouraging movement on Capitol Hill in terms of pro-cannabis legislation, such as calls to amend the federal tax code so it doesn’t unfairly burden legal medical marijuana businesses.
 
And there’s also the so-called CARERS (Compassionate Access, Research Expansion and Respect States) Act. The measure, introduced by Senator Rand Paul, Sen. Cory Booker (D-N.J.)  and Sen. Kirsten Gillibrand (D-N.Y.), would, among other things, move marijuana from a Schedule I to a Schedule II drug and allow the banking and finance industries to work with cannabis businesses without the fear of federal prosecution.
 
A large part of these changes, West says, have been prompted by the ongoing evolution in American public opinion when it comes to cannabis legalization. Along with its already-proven economic benefits, West says there’s “widespread understanding” now, regarding the therapeutic benefits of medical marijuana.
 
“It’s essentially a settled matter in American opinion now, that medical marijuana should be accessible,” she continues. “National opinion polls have approval of legal medical marijuana up at 85 to 90 percent. It’s simply not controversial anymore.”
  
Coming up,  in Part 2:  West on the challenges and opportunities facing both established and new companies in the legal cannabis industry.
 
~
April 23, 2019

When It Comes to Cannabis Workplace Injuries,…

In Colorado, one of the state’s largest worker’s compensation insurance firms has released some unique data regarding the cannabis industry’s…
April 23, 2019

Hawaii founders of biodiesel firm unveil their…

Earth Day blessing fetes Maui’s first state-licensed industrial hemp farm.
April 23, 2019

Cannabis Nurses: An Emerging Specialization And Vital…

Nurses who specialize in cannabis medicine are increasingly stepping in to help seniors navigate that path.
April 23, 2019

Texas Lawmakers Will Vote On Marijuana Decriminalization…

The Texas House is scheduled to vote on a bill on Thursday that would make low-level marijuana possession punishable by…
April 22, 2019

MjMicro Conference

MjMicro is the next level in cannabis investment. Set to take place on June 25, 2019, at the Westin Grand…
April 22, 2019

Generation Z Americans will be the Ultimate…

“They’re growing up in a world where cannabis is completely normal.”
April 22, 2019

Vancouver’s 60,000-strong 4/20 event still an outlaw…

The city’s first 4/20 event since Canada’s legalization of recreational cannabis drew a record turnout on Saturday despite more pushback…
April 22, 2019

Michigan County says no to drug tests…

The Kalamazoo County Board of Commissioners voted down a proposal to add the word “marijuana” to its drug testing policy,…
April 22, 2019

Carl’s Jr. CBD Burgers Go Over Big…

In case you had any doubt about how mainstream and corporate 4/20 has become, you only had to attend the…
April 22, 2019

Mass. veterans want to expand marijuana access…

As the state’s opioid epidemic claims the lives of veterans at three times the rate of other Massachusetts residents, some…
April 19, 2019

US corporations embracing 420 as pot legalization…

Potheads have for decades celebrated their love of marijuana on April 20, but the once counter-culture celebration that was all…