Cannabis Reform On The Horizon, But ‘Lasting Change’ Requires More Than Promises
As the push for federal cannabis reform remains a central talking point, industry leaders are watching closely to see how political developments might shape the market’s future.
With Vice President Kamala Harris and Minnesota Gov. Tim Walz now forming the first explicitly pro-cannabis legalization presidential ticket, expectations are high for progress. But, according to industry experts, lasting change will depend on more than campaign promises.
Anthony Coniglio, CEO of NewLake Capital Partners, discussed what this political shift could mean for cannabis reform during an interview ahead of his appearance at the Benzinga Cannabis Capital Conference.
He shared his views on the potential impact of a pro-cannabis administration and the challenges that the cannabis industry faces regarding federal rescheduling.
Political Support and Legislative Reality
While Harris and Walz’s pro-legalization stance offers hope for cannabis reform, Coniglio believes that real progress will only come when Congress enacts bipartisan legislation.
“Cannabis reform has garnered consistent and growing support from a significant majority of Americans, and it’s only a matter of time for this necessary policy revision to take shape,” Coniglio …