Federal Courts In Two U.S. Territories Hosting Event On Marijuana Legalization’s Tourism Impact

MJ moment

Federal courts representing the U.S. territories of Guam and the Commonwealth of the Northern Mariana Islands (CNMI) will be hosting a seminar next week on marijuana legalization and its potential impact on the tourism industry. Both territories have moved to legalize cannabis for adult use in recent years, and now their U.S. district courts are holding a seminar titled “Marijuana Hits the Shores of Guam and CNMI” on September 17. The Guam Bar Association and CNMI Bar Association are also co-hosting the event. Industry stakeholders, regulators and tourism officials will also be participating. A federal bankruptcy judge based in Arizona will moderate the panel. According to a description of the virtual seminar, one of the main issues that will be tackled is whether the cannabis market will “help or harm the tourism industry.” Panelists will also explore more generally the “risks and benefits” of legalization, as well as what kind of revenue can be generated from the medical and adult-use markets. Other issues that will be discussed include banking and legal matters related to the cannabis industry. Via U.S District Court of Guam. Gerry Palacios Hemley of the advocacy group Sensible CNMI told Marijuana Moment that the seminar “will serve insight to the challenges relating to tourism and real estate, including banking and tax consequences that may help consumers, investors, businesses and agencies get a perspective on the impacts of marijuana legalization as a whole.” “The seminar may serve as an opportunity to further focus on the impacts of legalization on a domestic level given the impacts on tourism caused by the COVID pandemic that currently affects many countries, especially the Mariana Islands,” he said. “The tourists may not come for a couple of years for whatever the reason may be. But we have created a new industry that many…

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Source : Federal Courts In Two U.S. Territories Hosting Event On Marijuana Legalization’s Tourism Impact

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