Connecticut Gov. Ned Lamont said, "Cooperating as a coalition of states on these issues is the best path forward—as we not only share borders, but we share economic interests, public health priorities, and a joint understanding that the more states that work together on these kinds of issues, the better the policy results will be for our residents."

Pennsylvania Gov. Tom Wolf said, "It's imperative that we focus on bringing the conversation about cannabis into the open and making sure there is proper regulation. When we establish a marketplace for cannabis, social justice and empowerment initiatives must be considered. The discussion today with my fellow governors resulted in meaningful agreements and can open the door for passage of sensible reforms."

All states have agreed to a series of principles to setting a cannabis tax structure, as well as best practices to ensure that disproportionally impacted communities from the war on drugs have access to the new industry .Among the guidelines agreed to by the governors include: identifying best practices with regard to the basis for taxation, implementation stages and dynamic market-based controls for cannabis production and cultivation; supporting the market architecture of cannabis regulation, including a keen awareness of the need to ensure a fair and competitive market, deploying strategies such as a limitation on the number of licenses or licenses types, to protect against manipulation of markets encouraging in conjunction with their legislature a stable regional market by identifying and implementing a similar overall effective tax rate for cannabis products and incorporating tax mechanisms, such as weight based, potency based, and/or mg/thc based, to ensure price stability for licensees and that the price of cannabis does not fall to a point that increases access and use beyond current usage rates.

The states also agreed to stricter public health actions and enforcement in terms of the cannabis and e-cigarettes (vaping) industries.

The states will use the following guidelines in terms of vaping: banning or regulating the sale of flavored vape products to reduce the product's attractiveness to youth; implementing vape product safety standards for nicotine, CBD and other cannabinoids, and other vaping products including diluents, excipients, cutting agents, and other additives; regulating temperature control, including the heating mechanisms of vaporizers; ensuring all vaping cartridges are properly marked or labeled to inform the user of the manufacturer; increasing enforcement actions for unauthorized sales to individuals under 21 years of age and restricting advertisements to ensure products are not targeted to minors.