The major stakeholders pushing Congress to enact sweeping federal marijuana reform just got bigger with the formation of a new band of businesses and industry experts who believe legalization is a foregone conclusion and that the real prize will be shaping a nationwide MJ regulatory framework.
According to a news release, the Coalition for Cannabis Policy, Education and Regulation is a combination of major players from mostly outside the traditional marijuana space but includes some that already have a financial stake in the industry.
- Altria Client Services, the producer of Marlboro cigarettes, a major investor in Canadian marijuana producer Cronos Group.
- Constellation Brands, an alcohol company that invested nearly $4 billion in Canadian cannabis company Canopy Growth.
- Molson Coors Beverage Co., a beermaker that has already entered the cannabis space with infused beverages.
- The Brink’s Co., a private security firm.
- National Association of Convenience Stores.
- The Council of Insurance Agents & Brokers.
- Convenience Distribution Association.
Those advising the coalition through its “Center of Excellence” include:
- Former Minority Cannabis Business Association President Shanita Penny.
- John Hudak of the Brookings Institution.
- Brandy Axdahl of the Foundation for Advancing Alcohol Responsibility.
- Derek Smith of the Resource Innovation Institute.
- Caroline Kitchens of the R Street Institute.
- Karmen Hanson of the National Conference of State Legislatures.
- Dr. Staci Gruber of McLean Hospital in Massachusetts.