Three Pathways To Federal Cannabis Legalization That Investors Are Watching Closely
The debate over U.S. cannabis legalization is complex, spanning economics, law and social justice. As of April 2024, recreational cannabis is legal in 24 states, and half of all Americans live in a state where recreational cannabis consumption is permitted. Despite this, cannabis remains illegal under federal law, a status investors believe may soon change. But the path to change is still forming.
Unpacking the Complex Journey Towards National Legalization
How this change will occur is yet to be discovered. In a recent interview, industry expert and manager at Poseidon Investment Fund Emily Paxhia, laid out three main pathways along which cannabis legalization might happen.
Let’s break them down.
Federal Rescheduling Route
The initiative to reclassify cannabis under federal law is spearheaded by a push to designate it …