Ohio State Legal Studies Research Paper No. 605

Drug Enforcement and Policy Center, No. 26, March 2021

16 Pages Posted: 8 Mar 2021

Nicholas Sgroi

Moritz College of Law

Date Written: March 8, 2021

Abstract

America is currently experiencing an economic recession plagued with high unemployment and low economic output. The Alliance for Sensible Markets and other proponents of cannabis legalization think that the cannabis industry can be extremely helpful in recovery through an interstate cannabis commerce plan. This plan could potentially pump in immediate waves of investment and create thousands of jobs. The plan lays out two steps: (1) have at least two states enter into an interstate compact for cannabis and (2) obtain congressional approval for the interstate compact. This article will look at the trends of a few states; speak about the benefits of the plan; touch on the consequences; and talk about the chances of this plan working, especially with the 2020 election approaching. Additionally, the article will tackle questions that face the plan if those two steps are met, such as questions on banking laws, tax laws, and whether psychoactive cannabis will be regulated as a commodity crop or if states will maintain their own existing regulatory framework.

 

Keywords: Cannabis, Interstate, Commerce, Marijuana, Hemp

Sgroi, Nicholas, Economic Recovery Through Interstate Cannabis Commerce (March 8, 2021). Ohio State Legal Studies Research Paper No. 605, Drug Enforcement and Policy Center, No. 26, March 2021, Available at SSRN: https://ssrn.com/abstract=3800143 or http://dx.doi.org/10.2139/ssrn.3800143

 

Full Paper

SSRN-id3800143