Terrence White, CEO and Founder of MONKO and Former Chairman of the I-71 Committee, explores the complex cannabis landscape in Washington D.C. Despite voter approval for legalization through Initiative 71, the Harris Rider restricts a regulated adult-use market, leading to a "gifting" model and lost tax revenue.
The discussion delves into potential policy solutions beyond lifting the Rider, including replicating Maryland's successful market, revenue generation models, and strategies for federal advocacy.
White addresses integrating cannabis into D.C.'s tourism sector, data on economic potential, recent changes in the "gray market," and the impact of stricter enforcement and an influx of medical dispensary licenses.
He also tackles misconceptions surrounding D.C.'s cannabis situation, lessons from Maryland's legalization, and the potential for social and criminal justice reform through a fully regulated adult-use market.