Support for some form of legalization seems pretty broad, even if the coalition is strangely assembled of aging hippies, parents seeking medical treatment for desperately ill children and libertarians. The laws of the 23 states (including the District of Columbia), that permit some legal use of marijuana also protect different activities. Some states have decriminalized pot possession in small amounts, some permit medical use, and Colorado and Washington permit recreational use. Only in Colorado have licenses for recreational sales been issued.
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.