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Cannabis Regulation and Development: Fair(er) Trade Options for Emerging Legal Markets

David Bewley-Taylor Orcid Logo, Martin Jelsma, Sylvia Kay

Drug Policies and Development, Volume: 12, Pages: 106 - 124

Swansea University Author: David Bewley-Taylor Orcid Logo

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Abstract

Significant policy shifts have led to an unprecedented boom in medical cannabis markets, while a growing number of countries are moving towards the legal regulation of adult non-medical use. This trend is likely to bring a range of benefits. Yet there are growing concerns over the many for-profit ca...

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Published in: Drug Policies and Development
ISBN: 9789004440487 9789004440494
ISSN: 978-90-04-44048-7 978-90-04-44049-4
Published: Geneva Brill | Nijhoff 2020
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa55852
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Abstract: Significant policy shifts have led to an unprecedented boom in medical cannabis markets, while a growing number of countries are moving towards the legal regulation of adult non-medical use. This trend is likely to bring a range of benefits. Yet there are growing concerns over the many for-profit cannabis companies from the global North that are aggressively competing to capture the licit spaces now opening in the multibillion-dollar global cannabis market. This threatens to push small-scale traditional farmers from the global South out of the emerging legal markets. Those trying to transition out of illegality face huge difficulties due to a combination of the legacy of criminalisation and administrative barriers to entry. Conquering and protecting spaces for small-scale farmers within the current overheated and corporate-driven market will require affirmative action, regulation of foreign investment, and well-designed legislative and market strategies. This policy comment explores the unfolding market dynamics from a development perspective and offers a set of guiding principles and policy proposals upon which a more equitable, fair(er) trade cannabis regulation model can be built.
College: Faculty of Humanities and Social Sciences
Start Page: 106
End Page: 124