Movement on legalizing cannabis inches ahead on a federal level -
Cannabis rescheduling hearings began on January 21, 2025, to evaluate moving cannabis from Schedule I to Schedule III of the Controlled Substances Act as...more
3/28/2025
/ Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Congressional Investigations & Hearings ,
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DEA ,
Decriminalization of Marijuana ,
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They call it the Green Mile on I-75 North, just 11 miles north of the Ohio border in Michigan where several dispensaries compete for out of state cannabis business, including Ohio’s....more
Biden administration formally proposes moving marijuana to Schedule 3 -
Attorney General Merrick Garland has proposed reclassifying marijuana to Schedule III of the Controlled Substances Act, following President Biden's...more
6/27/2024
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Controlled Substances ,
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Decriminalization of Marijuana ,
Excise Tax ,
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Marijuana ,
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NDAA ,
Proposed Legislation
If the Federal Government reschedules marijuana, experts believe it could lead to a cascade of state-level changes.
There is growing evidence that Joe Biden’s administration is working on moving marijuana to Schedule III...more
Since passing recreational cannabis in 2019, Illinois has emerged as one of the largest cannabis markets in the country, with total sales approaching $2 billion in 2023. Adult-use cannabis tax revenue topped that of alcohol,...more
The U.S. Department of Health and Human Services has recommended that the DEA reclassify cannabis to Schedule III -
The U.S. Department of Health and Human Services (HHS) recommended that the U.S. Drug Enforcement Agency...more
There Has Been Little Movement in Federal Legalization. This has led to cannabis investors and companies to downgrade expectations for federal legalization and focus their strategies on state reform.
Federal lawmakers...more
7/27/2023
/ Banking Sector ,
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Biden Administration ,
Cannabidiol (CBD) oil ,
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Cole Memorandum ,
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State and Local Government ,
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THC
Lawmakers continue to work on federal marijuana legislation as well as marijuana banking reform; meanwhile states push ahead with own initiatives -
Many states continue to see action through legislation and ballot...more
4/21/2023
/ Agribusiness ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Hemp ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
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State and Local Government
Three separate marijuana-related proposals were announced by Ohio legislators in May. House Bill 634 would allow the cultivation of up to 12 marijuana plants and possession of up to 100 grams of marijuana or 10 grams of...more