Recreational marijuana will become legal in Ohio on December 7th, but sales will not begin until at least the fall of 2024 due to the lengthy process of creating and implementing rules and regulations. The newly formed Cannabis Control Division will oversee the licensing process for cultivators, processors, and dispensaries. There will be a limited number of licenses available, categorized into three levels. The timeline for the rulemaking and licensing process is uncertain, as potential changes by Governor DeWine or state lawmakers could impact it.
Recent activity in Washington, including proposed AI legislation, closed-door hearings, and voluntary corporate commitments, is providing clarity on the impending federal regulation of artificial intelligence (AI). The proposed legislative framework aims to encourage innovation while establishing guardrails and enforceable safeguards. It includes a federal licensing process overseen by an independent oversight body, audits of companies seeking licenses, and monitoring of AI developments and economic impacts. The legislation also addresses accountability, transparency, consumer redress, and privacy concerns. The activity suggests a consensus in Congress for AI regulation, and corporate leaders can now better prepare for federal monitoring, licensing, audits, and potential executive liability. The Biden administration is also developing an executive order to promote responsible innovation.
The Board of Trustees at Michigan State University has unanimously approved plans for alcohol sales at Spartan Stadium, with hopes of having state licenses in hand for the home games starting on September 16. The sales will be limited to two beverages per person and will begin one hour before the game, ending when there are 5 minutes left in the third quarter. The estimated revenue from alcohol sales is around $250,000 per home game, with the funds being split between athletics, student life and engagement, culinary services, and health and well-being. The move brings MSU in line with other universities in the Big Ten conference, with only four schools remaining that do not sell alcohol at their football venues.
