A number of individual states are moving forward with marijuana legalization because they are still under marijuana law from the early prohibition days. Some prohibition laws came as part of the nationwide trend to restrict cannabis, but now there’s a nationwide trend to legalize cannabis. Even though the federal government banned cannabis later, individual states began restricting the sale, consumption, and cultivation of cannabis as early as 1911 by introducing some of the first marijuana laws on the books.
California Insurance Commissioner Dave Jones has been on a mission to ensure state-legal cannabis businesses have commercial insurance coverage and with his announcement of the first California cannabis surety bond program on Feb. 21, 2018, he continues to make progress.
More strife is on the horizon for Ohio’s troubled medical cannabis program. On Feb. 20, 2018, a group of unsuccessful medical cannabis applicants, led by Jimmy Gould of CannAscend Ohio LLC, filed a lawsuit challenging the state’s medical cannabis licensing process.
While the province of Newfoundland and Labrador has its key policies in place for recreational legalization and has secured a supply agreement with Canopy Growth Corporation (TSX:WEED) to provide cannabis for the province, it is now ready to hear from prospective cannabis retailers.