Welcome to our wrap-up of Episode 17 of This Week in Cannabis News.
This week was all about elections. Five states went to the ballot to vote on adult use recreational cannabis—and while the results for all Congressional races throughout the country aren’t yet in, the cannabis races were decided on election night. Here’s the run down of how the elections turned out.
The Dutchie team recently hosted a webinar wherein we reviewed each state’s election results and next steps: Watch the recording here!
And while the results of US Congressional races are still being tabulated - and therefore the balance of power in the US House and US Senate - there WILL be a cannabis hearing next week in the the House Oversight Civil Rights and Civil Liberties Subcommittee. The meeting is titled: “Developments in State Cannabis Laws and Bipartisan Cannabis Reforms at the Federal Level” and will take place next Tuesday - just as the cannabis industry descends on Las Vegas for MJBizCon. All this, according to a story in Marijuana Moment.
It isn’t just in D.C. where conversations about cannabis legalization are happening.
Yet another major cultural figure is getting into the cannabis business: Sean Combs (AKA Diddy) is purchasing assets of Cresco and Columbia Care in New York, Massachusetts, and Illinois. In a deal worth $185 million, Combs is setting up to be the worlds largest black-owned cannabis company.
On November 10, Dutchie held a webinar about the impact of the 2022 elections on the cannabis industry. As part of that event, we host an amazing panel with Bo Bryant from the US Cannabis Council, Dave Metz from the leading polling firm F3M Research, and our own Erica Woods, Dutchie’s Director of Government Relations. The conversation touched on the 2022 elections, the lame duck Congress and SAFE Banking, as well as the shifting political tides of cannabis legalization in the US. I thought it was a good segment to run right now to end-cap a very busy political week in the US - to help frame what’s next for cannabis on the policy and political front.