That prospect threatened to scare the pants off cannabis business leaders.
Indeed, Amazon’s entry into alcohol is still so “creaky,” he wrote, that he still hasn’t figured out whether Amazon delivers to his home in Seattle.
Prompting all this speculation was Amazon’s June 2 announcement of those two big changes: an end to marijuana testing of most of its employees and support for the MORE Act.
Meanwhile, the reality is that MORE may not pass this session due to the divisions between the two parties.
With federal legalization and companies like Amazon entering the space, the industry would open up to millions of more people, especially those who use cannabis for medicinal purposes.
Tim Wright, CEO Shasta Management and Queen of Dragons: “Since cannabis is a live plant and a consumable product, it will be difficult for them to compete on the freshness,” Wright wrote.
Dan Grim, Founder and CEO, Good Stuff Beverages: “Fears of Amazon dominating cannabis are likely overblown,” Grim wrote.
Bryan Buckley, President and CEO, Helmand Valley Growers Company: Amazon’s entry into the industry would be difficult, Buckley wrote, because, “Cannabis is still a Schedule 1 narcotic, which means Amazon would have to deal with Tax Code 280E.