Cannabis Industry Quarterly Update: Q1 - 2023

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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 initiatives as Congress and the federal government move slowly on cannabis-related matters.

Voters in Oklahoma recently rejected a ballot measure that would have legalized recreational marijuana in the state, but recent polls show most Americans support legal marijuana. As public attitudes shift, lawmakers – at least at the state level -- are showing more willingness to consider changes, as demonstrated by the fact that five of the last seven states to legalize recreational use in the last two years have done so legislatively.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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