It’s looking like 2019 is set to be the biggest year yet with regards to cannabis reform in the US. A number of key states like New York, Illinois and New Jersey, are poised to come online with adult-use recreational schemes. If approved, the number of states with legalized recreational-use cannabis could jump to 14 or 15 by the end of the year, up from 10 (plus the District of Columbia) at the end of 2018.
As new states prepare to pull the trigger, they’ll be looking at laws set by other states and developing their own licensing schemes based partly on lessons learned in legalized markets. With legal precedents already set, the speed at which new states come online is likely to increase moving forward, according to Ian Stewart, partner at Wilson Elser, and presenter at Insurance Business America’s upcoming Cannabis Cover Masterclasses in Denver and Los Angeles.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.