#cannabispolitics – “The original inclusion of cannabis in the Single Convention was a historical error based on paternalism, colonialism and racism masquerading as science. Now, decades later, a growing number of countries are recognizing cannabis prohibition as a costly failure and shifting national policies toward legal regulation of Non-Medical (i.e., “recreational”) cannabis.
With two countries having already formally enacted legal regulation of Non-Medical cannabis domestically and several other countries in process, the question of how such policies relate to obligations under the Single Convention and other UN drug control treaties is a genuine one….
Because the Convention’s purpose and overriding goals are express and clear, Riboulet-Zemouli’s thesis is not only mistaken, but dangerous. At a time when international cooperation and demonstrating respect for international obligations are paramount, proponents of cannabis regulation should explore strategies that would allow cannabis reform countries to realign their new laws with their legal obligations, and with the understanding that cannabis regulation will create a situation of non-compliance with the Single Convention.”


#cannabisindustry – Insurance – ““So we know how tough it is outside of the cannabis space,” he said. “And then, D&O inside the cannabis space is coming into an even tougher segment. And it has to do with the amount of money that’s flowing in the space from an investor point of view, the M&A transactions, the other kinds of fundraising, companies trying to go public. So, there’s really a lot of activity right now in the cannabis space from a funding standpoint. And whether there’s funding activity, there’s definitely going to be exposure and potential losses that D&O can help protect against.”
Lawsuits, and claims as a result of those actions, aren’t making the space any easier…
Some good news for insureds: Zerones thinks D&O won’t always be so difficult for cannabis.
“I think the wonderful thing that’s happening in the management liability space is that more carriers are coming in,” he said. “So, there are going to be more solutions available today obviously than there were two years ago. And so, you’re going to see through competition what customers want and what is really necessary and what is going to support those customers as they grow and prevent them from having large losses. So I think the competition’s really going to help. And that is going to really dictate what’s going to survive and what’s not.””