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EisnerAmper Podcast
A Lawyer’s View on the Cannabis Industry
Apr 28, 2023
Andrew Cooper, Partner-in-Charge of the Health Care and Cannabis & Psychedelics Practice Groups at Falcon Rappaport & Berkman LLP, talks about the potential of psychedelics, challenges faced by the banking industry, options for local municipalities in New York, and his experience teaching a class on cannabis law.
22:44
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Quick takeaways
- The podcast discusses the unexpected shift towards recreational adult use in the cannabis industry in New York and New Jersey, highlighting the emerging market in these states.
- The podcast explores the challenges faced by cannabis businesses, including competition against unlicensed legacy operators and the limitations on interstate commerce, as well as the importance of social equity in the emerging adult-use recreational market.
Deep dives
Changes in the Cannabis Industry
The podcast episode discusses the changes in the cannabis industry, particularly in New York and New Jersey. It highlights the unexpected shift from no expectation of recreational adult use to the emerging market in these states. The podcast also mentions the move into the psychedelics industry, as well as the future legalization of psychedelics, with the FDA already acknowledging breakthrough therapy status for certain psychedelics. The impact of the federal legality of cannabis on the industry is also explored, including the limitations on interstate commerce and the challenges faced by cannabis businesses.
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Discover
highlights
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