REPORT: NEW STUDY SHOWS LEGAL CANNABIS BUSINESSES REFUSE UNDERAGE SALES (AS THEY SHOULD)

A new study has provided new data on an old query.

Of the common cries opposition groups and outright prohibitionists utter when discussing the legalization of cannabis – for medical cannabis but especially for recreational adult-use legalization at the state level – the oft used one pulls from a classic playbook, and goes something like: “but what about the children?”

It’s a valid point. What about the children? Or moreover, what about the ability of the flowering legal cannabis market to prevent underage sales or products not intended for children from finding their ways into children’s hands at the source?

And just like the death of alcohol prohibition led to point-of-sale age restrictions, and an industry that provides safe and regulated products to a willing market, it seems that the rise of the legal cannabis landscape is following suit when it comes to making sure kids don’t get cannabis when they shouldn’t be.

A new study came out last month, the Journal of Studies on Alcohol and Drugs found that “compliance with laws restricting marijuana sales” to those 21 and older with a valid ID “was high” in Colorado and Washington State,  the first states to legalize cannabis in the United States.

From Marijuana Moment:

“The authors highlight that ‘refusal rates exceeded those for alcohol and are similar to those for tobacco.’ In other words, the policies and regulations of the cannabis industry in Colorado and Washington could be used as potential models for other states looking to legalize recreational marijuana sales. The findings are comparable to a sting operation conducted by Oregon regulators last year that showed a 100 percent compliance rate by licensed marijuana stores in not selling to underage individuals. According to the new Colorado and Washington study, when it comes to cannabis, ‘regulators in both states worked with the industry, performed compliance checks, and penalized stores that failed.’ Working with states and complying with laws is in the interest of rapidly flowering marijuana markets, the study says, ‘to avoid increased federal scrutiny and controls.'”

The findings of this new study is a positive thing no matter how you slice it, and investors looking at entering the cannabis market from the private placement side, often cite the access (or prevention of access) to children as a factor in their choice of supporting and investing in the industry or not.

Now that the new study data rolling in is showing compliance – let alone the measures taken by the average dispensary in Massachusetts between hired security, multiple measures of ID check and processing – the fact that two of the most robust markets in the current legal cannabis landscape are maintaining strict, overall adherence to the laws ensuring minors aren’t able to autonomously slip in and game the system to get cannabis should be one of many supporting factors when deciding to invest in the space.

 

HAVE QUESTIONS ABOUT CANNABIS INVESTING?

HOP ON OUR BI-WEEKLY CANNABIS INVESTMENT OPPORTUNITIES WEBINAR PRESENTATION WITH CEO MICHAEL SCOTT.

EMAIL: DIRECTOR OF BUSINESS DEVELOPMENT SAM NASRAH AT SAMNASRAH@CANNAPRENEURPARTNERS.COM

***

INTERESTED IN PLACING PRIVATE CAPITAL INTO LEGAL CANNABIS THROUGH US?

WATCH THIS 2 MINUTE VIDEO ON HOW IT WORKS:

Be sure to sign up for Cannapreneur Partner’s email mailing list for the latest news and content from the national and international cannabis market, as well as our ongoing investor dinners and networking social pop-ups all around the state. Follow us on FacebookInstagram, and LinkedIn.
Tags:

Leave a Reply

SIGNUP FOR FREE
Enter your email address and contact below to subscribe to Cannapreneur Partners bi-weekly email newsletter and investor event invites.
  
You’ll also get access to premium content, our investment one-pager, and get access to our partner events, community meetups, and investment opportunities in the explosive legal cannabis space
close-link
Interested in learning about investing in legal cannabis with us?
close-link
I’m An Investor Looking For Ongoing Cannabis Deal Flow
close-link
close-link
close-link
How Family Office Club works with Cannapreneur Partners
Just about every event the Family Office Club produces has someone that wants to sponsor it from the legal cannabis space. They’ve become familiar with the space and the area of the cannabis people try to make sense of, from where to invest, learning about federal law vs state laws regarding legal markets, and so on. As the exclusive thought leader on cannabis for The Family Office Club, we have built a strong relationship through regular speaking engagements on stage at their investor summits while fostering new strategic partnerships and investor deal flow. Additionally, Family Office Club Founder, Richard Wilson, is appointed as a director on Cannapreneur Partners Board of Directors.

"There is a lot of education needed, and it’s an area that we’re going to have a group on stage [from the industry] at almost any Family Office Club investor event anyway, so it’s much more productive to be aligned with a firm that is in line with our mentality and long term vision of doing business. As I’ve mentioned in my books and Family Office Club podcasts, having high integrity, and aligning all parts of people on a team with shared values means an entrepreneur is more aligned in their industry and investor can put things in their portfolio to get better valuations in the long run." - Richard Wilson, Founder of the Family Office Club
close-link
How does the Family Office Club works with Investors?
As one of the top thought leaders in bringing partners and clients investments, capital raises, and private capital placement for high net worth families, the Family Office Club is making the industry more efficient while helping clients navigate a frustrating area: A lot of ultra-wealthy families don’t speak to each other.

By interviewing hundreds of family offices on stage every year, as well as in their Family Office Club podcast, and in the books they have published, the Family Office Club has proven they can help the investment industry be more efficient.

"Doing so with credible counter parties that share our long term views is we’re keeping an eye out for. Whenever there’s a new opportunity, there are some investors that get in early and take a mega view of an industry, kind of like what we have at the Family Office Club. I can relate to that perspective and take that view instead of defining themselves as a retail operator in space or defining themselves as one piece of space they’re trying to put together an ecosystem and a strategic platform. We don’t define ourselves as running a Family Office biz, we’re trying to grow the Family Office marketplace and make it easier to close deals with family offices." - Richard Wilson, Founder of the Family Office Club
close-link
The Private Club with 1,750 Registered Investors & 25 Live Events a Year

The Family Office Club has more registered family offices than any other community or family office association globally (PDF Infographic Download).

Since 2007, our organization has been helping form family offices, fostering a valuable peer network, hosting the industry’s best events, and serving as an educational resource to members of the family office community.

If you would like free access to any of the events below and the other benefits of the Family Office Club,
 apply for membership today

close-link
close-link