Only Comprehensive Regulation Protects Cannabis Businesses

Nearly half of all states in the U.S. have some form of cannabis legalization on the books, but that has not been enough to protect businesses from prosecution by both local and federal authorities. Broad and undefined state laws have allowed the industry to grow very quickly in many parts of the country, but have left businesses with little-to-no direction as to standards for legal compliance. This has left them out in the open with insufficient legal protection. While the freedom of broad laws allows a large amount of expansion and innovation, only comprehensive regulation provides legal protections for companies in the cannabis space.

In recent months several medical cannabis dispensaries across the state of Michigan have been shuttered, and because of the vagueness of Michigan's cannabis law there is little these businesses can do to stay in business. With no state-wide standards for what constitutes a legal operation...

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