Government Is Failing Consumers & Abstainers – WSWA Chairman Calls On Alcohol Industry To Support Federal Cannabis Legalization

Wine & Spirits Wholesalers of America (WSWA)'s longest-serving chairman, Tom Cole, called upon colleagues across the beverage alcohol industry to support WSWA's new policy position regarding the federal legalization and regulation of adult-use cannabis.

A couple of weeks ago WSWA shared a letter with members of Congress presented a comprehensive and robust federal regulatory framework along with warnings that addressing the issue in a "piecemeal manner" will result in de facto federal legalization that does nothing to address product safety, trade practices, or interstate sales and enforcement.

"The time has come for Congress to legalize and regulate adult-use cannabis at the federal level," WSWA CEO and president Francis Creighton stated at the time. "The success of our alcohol regulatory system offers a proven model for cannabis regulation, one that will promote public health and safety as well as a fair and competitive marketplace."

Government Is Failing Consumers & Those Who Abstain

In a new address at the Association's annual premiere-industry event, Access LIVE, Cole used opening remarks as a rally cry to the industry, urging colleagues to apply lessons learned in the safest, most diverse, and most competitive alcohol marketplace in the world to the emerging cannabis sector.

"The beverage alcohol industry's commitment to public health and safety is something that sets us apart from other consumer products," said Cole. "We believe that the successful state-based regulatory model which has served America's consumers and our industry so well, should be a part of the discussion… I call upon my industry colleagues to support our efforts and to lend your voice and experience to the conversations happening on Capitol Hill."

The conversation continued in a fireside chat with Creighton where the topic turned to why wholesalers entered the ongoing policy debate and what Creighton believes the middle-tier can bring to the table.

"I think we can all agree that the federal government's inaction on cannabis isn't working for anyone – consumers and non-consumers," said Creighton. "People don't know, and often shouldn't trust, that what they are putting into their bodies isn't tainted product – because there is NO federal standard for testing. Consumers don't know what the potency is – there is NO standard for accuracy and NO regulator at the federal level to ensure accurate labeling for dosing."

Creighton continued explaining there are no federal health and safety standards, which allows it for the illegal market to thrive. “We have illicit product from China – that has made its way into the supply chain. And some of these operations are conducted illegally by organized crime. So how do you enforce the law if no one knows what the law should be or who is responsible for what. It's buyer beware and the government is failing consumers as well as those who abstain."

Photo: Courtesy of Jeff W on Unsplash

 

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsMarketsalcohol and cannabisFrancis CreightonpremiumTom ColeWine & Spirits Wholesalers of AmericaWSWA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...