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BIG TOBACCO, ALCOHOL, INSURANCE SEEK TO SWAY POT POLICY

A new group which includes representation from the alcohol, tobacco, insurance and security industries has formed to influence cannabis policy. The Coalition for Cannabis Policy, Education, and Regulation, believes federal legalization is inevitable and seeks to shape how it happens.
Politico 

  • The executive director is Andrew Freedman, who served as Colorado’s first cannabis “czar.”
  • The group’s policy priorities aren’t yet clear, and it has created a “center of excellence” which includes several researchers and outside experts.
  • “Where possible, we’re going to consensus build. But when there is significant divergence [on an issue], we’re going to be transparent about that significant divergence,” Freedman said. 

Everyone wants a piece.

Quick Hit

  1. British American Tobacco, maker of Lucky Strikes, invested $176.6M in Canadian operator Organigram. Organigram’s stock soared on the news.
    MarketWatch