Lessons learned from Washington state’s marijuana regulations for the US after rescheduling | How to buy weed online

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It is not yet known what the impact of cannabis rescheduling on existing markets would be. According to a researcher, Washington State’s decade-old legal market regulatory framework could be a good launch pad.

The state’s approach is characterized by strict licensing control and a prohibition of vertical integration. This stands in stark contrast to other markets that are more liberal. According to Dr. Boyoung Séo, assistant professor of business and marijuana industry regulations at Indiana University, the system’s roots are in alcohol control.

She said that Washington regulators “basically took the regulatory regime for hard liquor (liquor) (and) applied it to marijuana.” Green Market Report.

This approach has led to a tightly-controlled cannabis market that is a solid base on which to build.

Balancing act

Washington’s regulatory framework prohibits vertical integration in the marijuana industry. This is one of its most distinctive features.

“If you grow it, you can process.” Seo said that part was allowed. “But the most important thing is that you cannot sell directly to consumers if you are growing. That means you cannot own a cannabis dispensary. That’s strictly prohibited.”

She said that the motivation for this is likely to be rooted in concerns about public health. States must also take into account the potential economic benefits. As the industry has grown, its fiscal impact is becoming more significant.

Seo said, “I think marijuana provides (around) 1 percent of the total state revenues (in Washington and Colorado).” “So, with the market becoming more mature and stable, I believe now people look at it as, ‘Okay. About 1% of the state revenue comes from recreational marijuana now, which is huge.'”

This is despite the fact that there are very different rules to obtain a license to operate a marijuana business.

She noted that if she lived in Colorado, she could obtain the license if she didn’t have any criminal history. “But in Washington that’s almost not possible now, because the state actually sets a quota for how many retailers, growers, and processors can be in Washington.”

Colorado, on the other hand, allows for an unlimited number cannabis business licenses. What is the significance of the difference? You can also read about the following: According to Seo’s study, Washington has an average of just 4.8 marijuana dispensaries for every 100,000 residents compared to 14 in Colorado.

Seo’s analysis revealed that Colorado, where cannabis prices were higher on average in 2022, was a more restricted market.

All of this creates a difficult balancing act for the policymakers.

“You want people to use the system so you can generate a lot of state revenue,” added she. “But at the exact same time, people spend more when they use it frequently.” So, I believe there is a bit of a problem there.

She also warned that there is still a lack comprehensive research on marijuana’s effects.

She said, “We don’t have a good way to measure how much a society will pay if they consume one more ounce of cannabis.” “There is no dollar figure because there was no research allowed before legalization. There’s still evidence to be gathered.”

Nevertheless, states can use a variety of regulatory tools, such as taxing based on weight, sales value or potency. As a potential federal rescheduling approaches, states may have to reevaluate how they approach the issue.

She noted that “if it is rescheduled it becomes legal in a technical sense,” she said. “It is not illegal in all states, but the states can make it illegal.”

Some states have already begun preparing for such a possibility. Utah, for example, has stated that “marijuana would remain a Schedule 1 substance in Utah without legislative action,” according to an presentation by the state’s legislative research and general attorney.

She said that other states, like North Carolina, have laws already in place which would mirror federal scheduling, “unless the commission, or whatever the drug authority is in the state, objects.”

“Each state can decide what they want,” she said. “They can also control it and legalize it, or keep it not allowed.”