Steve Hawkins, Executive Director of the Marijuana Policy Project (MPP), discusses his hopes and predictions for upcoming cannabis policy in the United States. In particular, Hawkins believes that states should have the right to legalize cannabis in their own way without federal intrusion, as much more is possible at the state level. As well, Hawkins sees the legal cannabis industry as a fantastic way to create a large number of middle-class jobs - it's already on its way toward generating a million jobs for the economy. Because the war on drugs resulted in millions of cannabis convictions, expungements need to occur in similarly large numbers: "You don't make a dent with 25 thousand expungements. You make a dent with 750 thousand expungements."
Grover Norquist, Founder and President of Americans for Tax Reform, describes the inconsistencies of taxes imposed by the federal government. For Norquist, this is more than just a cannabis issue; this is an issue of federalism and states' rights: "You wouldn't want the federal government to go in and use federal tax policy to interfere with federalism on education policy." Norquist believes that when the STATES Act passes, it will help to solve the federalism question for tax policy and banking policy.
Dr. Ryan Vandrey, of Johns Hopkins University, joins us to discuss the best routes of administration for different conditions. For example, when treating chronic pain, oral administration is preferable, as it yields a more sustained drug effect. However, with a symptom like nausea, inhalation would likely be the preferred route of administration, as eating or drinking may aggravate the nausea. As well, Vandrey talks about the flawed methods of testing THC levels in blood: "If we take somebody who uses cannabis frequently and they don't use for 24 hours, they have as much THC in their blood as the person who's eating a 50-milligram edible and is highly impaired. So, blood THC levels are incredibly complicated. What you have is a high likelihood of erroneous assumptions based on blood THC levels."
For U.S. Congressman Dwight Evans, cannabis reform is a matter of both medical justice and criminal justice. Evans realized not only that cannabis can save patients' lives, but also that the war on drugs was undeniably a major reason for the massive prison population in Pennsylvania. Since then, Evans has developed a firm belief that we must seriously reevaluate the plant. He has learned that having meaningful conversations about reform and justice with people who come from diverse backgrounds is the first step in "ensuring that the communities that have been left out under our watch" will not get left out ever again.
Josh Hendrix, President of U.S. Hemp Roundtable, predicts that, in the next two to three years, hemp will finally begin to infiltrate the market. When that happens, there will be a race to efficiency on the agricultural side, which should lead to both consistent types of hemp as well as varieties of hemp - ultimately, this will create a commodity market. Because the rules of the 2018 Farm Bill have been unclear for farmers and manufacturers, Hendrix carefully explains the process: "You can't just go out and plant hemp. You can't find some seed in your barn that somebody left years ago and go out and plant it. Can't grow it in your backyard. If your state is participating in the Hemp Program, the USDA Hemp Program, they have to go get approved. Once they're approved, you will have to fill out a form, go through their licensing process, make sure that you actually have a farm – that you have a plan."
For U.S. Congressman Charlie Crist, medical cannabis is personal: years ago, his older sister died of brain cancer, and unfortunately, medical cannabis was not available in Florida that time. That experience has informed Crist's belief that everyone should have the right to use cannabis as a healer. Crist also notes that people throughout the U.S. are already on board regarding cannabis, and that his biggest priority is getting federal legislation up to speed with that same accepting attitude. Luckily, Crist is optimistic, as he has found cannabis reform to be a very bipartisan issue in Congress.
Dr. Ethan Russo, Research Director of the International Cannabis and Cannabinoids Institute (ICCI), discusses ways to create a better, safer cannabis. Russo points out the dissonance that exists between public opinion and regulators - while 80-90% of the public already believes that cannabis is a medicine, the medical community must conduct clinical trials in order to prove that cannabis is a medicine. Russo also dismisses the idea that cannabis is an understudied substance: "Cannabis is actually very likely the most studied drug in the history of mankind, because there have been decades of research on it, mainly focused on its harms." Now, he says, we must collect the same amount of research on cannabis's therapeutic uses.
U.S. Congressman Mark Amodei joins us to discuss cannabis legislation and policy in Nevada, including banking. Amodei fervently believes that legal cannabis businesses should be able to deposit their earnings and use all of the financial tools that are available to other types of businesses - this is an issue of public safety as well as reducing the illicit market. The Safe Banking Act will most likely pass the House, according to Amodei, and, although the bill is not perfect, he thinks that it is worth fighting for. Amodei also supports the STATES Act, but is prioritizing banking for the time being.
Bruce Linton, former CEO of Canopy Growth, joins us on stage at the Cannabis Business Summit to discuss life after Canopy and what his goals are for the future. Linton also explains his decision to take Canopy public - ultimately, going public gave the corporation much more credibility. Besides Canopy Growth, Linton discusses the benefits of hemp production, the challenges faced by bankers, and the government's ideal role with regulated cannabis.
Lori Ajax, Chief of the California Bureau of Cannabis Control, joins us to give a big picture update of what has been happening in California over the past 6 months. For example, as of late, it has been a priority to transfer those in the elicit market over to the legal market. Besides these recent developments, Ajax discusses the importance of engaging stakeholders and the community in terms of law-making and creating regulations - this is one of the most important lessons she has learned.
Kevin Murphy, CEO of Acreage Holdings, discusses with us his beginnings in the cannabis industry as well as the importance of medical cannabis, especially for children and veterans. Murphy notes that every successful business has had to ask for help along the way - after all, good partnerships lead to good economics. He also believes that the speed of the industry's growth and job creation will directly depend on when the STATES Act gets passed.
Catherine Sandvos, of the Office of Medicinal Cannabis in the Netherlands, joins us to discuss the history and current state of Dutch cannabis regulations. Sandvos is pleased that other countries seem to be setting up their own regulations and production processes, as it relieves the Netherlands of the responsibility to provide for all of Europe. As well, Sandvos notes that the international cannabis landscape used to be very separated by country, but that, now, countries are coming together to help one another and exchange information. With more and more countries contributing and taking the lead, the European regulatory landscape will only continue to exponentially mature and improve.
Another great conversation with Don Fertman as he shares stories about his past struggles with alcohol addiction, providing a framework to talk about cannabis, addiction, and moderation: “I got myself together and got myself to work, but now I felt like even more of a failure. My self-loathing, my self-hatred, my sense of disgust with myself and my drinking, and that fear of impending doom, this constant feeling of like being in a car crash in slow motion, and I know I'm going to my destruction, and I see it happening, and I'm in it, but I'm powerless, I can't do anything about it, it's just happening because I can't stop it, that was all in my brain that day.”
Kayvan Khalatbari joins us and shares how Denver progressed in leading cannabis legalization: "we knew that we had a lot misperceptions and stigmas to overcome and it behooved us before the city and the state were regulating us very strictly, to self regulate, and to put on a good face for the industry. We knew that there were certainly a lot of folks that perpetuated those stigmas and stereotypes we had to overcome, but there also a lot of great operators that maybe weren't willing to step out in front of camera, step out in front of communities and be a face for the industry."
Tulsi Gabbard joins us and shares her views on getting past partisan politics in the federal government: "We would have far more bipartisan and nonpartisan work being done if we set aside the politics and the political interests and actually said, "Hey, here's a challenge that is common to people in my district and people in your district. Let's sit together and bring our different ideas to the forefront and actually figure out how to solve it."
Carlos Curbelo joins us and shares his beliefs on how solving issues regarding immigration can help sort out other legislative problems: "I think that solving immigration is important because as we discussed earlier, we need workers. We need an immigration system that's compatible with our economy. It has to be fair. We've always been a welcoming nation. It speaks to our values. But most importantly, if we solve immigration, that's when we actually start healing our country's politics, healing our society. That not only is healthy, but will make it easier to reach consensus on other issues like cannabis reform, like climate change and what to do about that"
Denver Riggleman joins us and shares his thoughts as to how to advance cannabis legislation by giving the states more power: "I think we need to get in front of this and I think we're to a point now that we need to let the economy work, get the federal government out of the way, and let the states dictate how they want to deal with cannabis."
Charlie Bachtell joins us and shares how Cresco Labs and other medical cannabis providers have to adapt to pass regulation audits: "The objectives of the state are to make sure that you are tracking everything from seed to sale, that you are putting out as consistent and safe of a product as you, possibly, can, every time. While most things are black and white, there's, also, some things that are gray. But, if you're doing it for the right reason, for the right purpose, addressing the intent of that regulator, of that administration, chances are, they're going to be okay or they're going to work with you or they're going to realize that, maybe, they didn't have an answer for that question, yet, and you just gave them the answer that made the most sense."
Ro Khanna joins us and shares his perspective on advancing Cannabis legislature: "Make sure you're picking one or two key bills to rally around, and then talk to legislators to get them onboard."
Paige Figi joins us and shares her views on the shifting perspectives in the cannabis industry: “People are wanting that supply and complaining that there isn't enough and trying to get it, it's those big guys taking control and doing that. So, while we're complaining about it, we're also complaining about the solution. It all has to sort of wash out. It all seems so new.”
Eleanor Holmes Norton joins us and shares her perspective on free speech and advancing the power of the people: "people are used to people like me defending all of us on the right side. But the lesson I'm trying to teach, such as it is, is that we can't have free speech unless they do. It's a pretty simple lesson, and it works for this country."
Karan Wadhera joins us and shares how companies use branding and how it relates to the infrastructure of creating a product that sells:"I think we've always been very fascinated with brands. And if you see how traditional industries have shaped over time, and where a lot of the value ends up being held... And it ends up being in those consumer-facing brands, and does not end up being more towards what you would consider the commodity."
Ben Larson joins us and shares the importance of creating white space in your everyday environment: "What I like to think of white space is this: doing my best to clear out all the thoughts in my head. As an entrepreneur with so much stuff going on, especially in the cannabis industry where you have many things pulling at you, even beyond the course of normal business, sometimes you need to find a way to just separate yourself and create that white space so that you can actually think and be strategic and prioritize as you see fit."v