Wednesday, June 26, 2019
The title of this post is the title of this new paper recently posted to SSRN authored by Tyrus Hudson. This paper is the seventh in an on-going series of student papers supported by Drug Enforcement and Policy Center. (The first six papers in this series are linked below.) Here is this latest paper's abstract:
The ongoing battle between federal and state cannabis laws have created a perplexing realm of ambiguity for legislatures tasked with establishing drug policy. In the midst of this intricate conflict lies another issue that is wreaking havoc throughout the legalized cannabis marketplace. With federal and state governments failing to administer concrete guidance by virtue of lacking to establish policies which govern concurrently and in a harmonious manner, laws have been enforced on both the federal and state levels, that are negatively impacting various minority groups and their potential to capitalize on the multibillion-dollar cannabis industry.
This article will examine the arguments for, and against, current and proposed legislation that impacts licensure for minority groups trying to enter the legalized cannabis marketplace. Particularly, this article will address the primary obstacles that most negatively affect minorities and the specific role that each barrier has played in preventing minority entrepreneurs from becoming business owners and seizing the opportunity to cash in on this new lucratively flourishing agricultural business that is taking the nation by storm. While not much research has been conducted on the topic of minority business owners obtaining licenses to operate in the legalized cannabis market, the primary goal of this article is to stimulate dialogue and encourage further research into the impact that legalizing cannabis is having on minority business owners trying to establish themselves as legitimate participants in this up-and-coming industry.
Prior student papers in this series:
- "The Canna(business) of Higher Education"
- "Marijuana Banking in New York and Around the US: 'Swim at Your Own Risk'"
- "Intellectual Property Survey: Cannabis Plant Types, Methods of Extraction, IP Protection, and One Patent That Could Ruin It All"
- "Marijuana in the Workplace: Distinguishing Between On-Duty and Off-Duty Consumption"
- "An Argument Against Regulating Cannabis Like Alcohol"
- "The State of Marijuana in The Buckeye State and Fiscal Policy Considerations of Legalized Recreational Marijuana"