Crain’s Cannabis Summit Breakout SessionRead Time: 2 mins
Ohio is an emerging market for the cannabis industry. From banking to finance to the legal and real estate sector, what opportunities will the business of cannabis present for all industries in the state?
Justice Brandeis wrote in his dissent in the 1932 case of New State Ice Co. v. Liebmann that a “state may, if its citizens choose, serve as a laboratory; and try novel and social economic experiments […] .” The esteemed Justice further acknowledged, “[t]here must be power in the states and the nation to remold, through experimentation, our economic practices and institutions to meet changing social and economic needs.” 285 U.S. 262, 311 (1932).
From Washington State (one of the first states to legalize recreational marijuana) to Ohio (one of the most recent states to come online,) no two states are the same, but they are all informed by the same past, including laws, regulations, and outcomes. Some legal and regulatory structures are broadly accepted throughout the states, such as age requirements, limitations on the amount of cannabis a customer can purchase, and more, but others are widely different, such as whether there are separate medical and recreational markets, and how ownership of licensed-holding businesses may be structured.
On Thursday, January 25, 2024, McGlinchey attorneys Heidi Urness, Chase Stoecker, David Waxman, and Daniel Shortt will present a Breakout Session during the inaugural Crain’s Cannabis Summit, hosted by Crain’s Cleveland Business at Corporate College East. Heidi, Chase, David, and Daniel will present a comparative analysis of Ohio’s proposed laws and regulations through the lens of mature industries/practitioners, surveying other states – what’s worked, what hasn’t worked, and why – to inform and predict what may happen in Ohio.
The Crain’s Cannabis Summit is intended to bring together the top and most innovative minds to gain insight into the future of Ohio’s cannabis sector and what it could mean for the state’s economic landscape with the passage of Issue 2. Learn more.