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Clear-Eyed Objectives Determine Success for Legal Cannabis Policy
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Washington, August 25, 2022 — New Frontier Data (https://newfrontierdata.com), the leader in actionable cannabis data and business intelligence, in partnership with Verde Compliance Partners, releases Federal Cannabis Policy: Facilitating Successful Regulation, identifying the primary goals of U.S. federal cannabis regulations and potential policy solutions.
The report identifies four main goals:
- Diminishing the illicit market: Implementation of federal legalization should diminish the size of the illicit market. However, much depends on transitioning people and businesses from an unregulated market to the legal one.
- Improved public health and safety: An unregulated marketplace is rife with concerns about product safety.
- Lifting the burden of inequitable prohibition enforcement: Among key disagreements between lawmakers regarding federal cannabis policy is the extent to which it should address longstanding systemic racism conveyed through the criminal justice system on behalf of the War on Drugs.
- Job creation and tax revenue: Meeting the goals for job creation and tax revenues require more than a framework for a regulated industry; they compel addressing the unique barriers to small cannabis businesses, and those stakeholders aspiring to establish themselves and thrive in a highly regulated arena.
“Federal cannabis legalization, regulation and policy is more complex than it appears on the surface,” said Gary Allen, New Frontier Data’s CEO. “The U.S. has a long, complicated history with cannabis that must be accounted for and addressed in ways that create equitable operating environments for all cannabis stakeholders. By providing four main goals of federal cannabis regulation and accompanying policy solutions, we believe conversations can advance substantively.”
Download a complimentary copy of Federal Cannabis Policy: Facilitating Successful Regulation: https://newfrontierdata.com/cannabis-regulations-toolkit/
About New Frontier Data:
New Frontier Data is the premier data, analytics and technology firm specializing in the global cannabis industry, delivering solutions that enable investors, operators, advertisers, brands, researchers and policy makers to assess, understand, engage and transact with the cannabis industry and its consumers.
Our mission is to inform policy and commercial activity for the global legal cannabis industry. We maintain a neutral position on the merits of cannabis legalization through comprehensive and transparent data analysis and projections that shape industry trends, dynamics, demand and opportunity drivers. Founded in 2014, New Frontier Data is headquartered in Washington, D.C. with a presence in Europe, Latin America and Africa. For more information about New Frontier Data, please visit us at https//www.NewFrontierData.com.
Media Contact:
Emily Watkins
New Frontier Data
+1 844-420-3882 ext. 3
