Webinar Replay: Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em

On Thursday, November 7th, Vince Sliwoski, Aaron Pelley and Fred Rocafort held a post election discussion “Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em”. Watch the replay!

Key Takeaways from the “Smoke ’em if You’ve Got ’em – 2024 Post Election Cannabis Wrap” Webinar:

1. Panelists:
   • Vince Sliwoski: Oregon Business lawyer specializing in cannabis and commercial real estate.
   • Aaron Pelley: Experienced in cannabis law since Washington’s legalization in 2012.
   • Fred Rocafort: Trademark attorney working closely with the cannabis team.
2. Election Results Overview:
   • Most 2024 cannabis ballot measures did not pass.
   • Florida, South Dakota, and North Dakota saw failures.
   • Nebraska became the 39th state to legalize cannabis for medical use when it passed two cannabis initiatives, Initiatives 437 and 438.
3. Federal and State-Level Developments:
   • Medical use is currently legal in 38 states, and 24 states allow recreational use.
   • Republican support for marijuana legalization is growing.
4. Federal Policy Implications:
   • Schedule III Rescheduling: The process to move cannabis to Schedule III is ongoing, which could significantly impact the industry.
   • Importance of Federal Appointments: The future of cannabis policy depends heavily on who is appointed to key positions in the administration.
5. International and Domestic Trade:
   • Schedule III status could ease import/export restrictions on cannabis.
   • Unified control of House, Senate, and presidency might expedite legislative progress.
6. Economic and Industry Impact:
   • Cannabis stocks experienced volatility post-election, reflecting investor uncertainty.
   • Federal legalization and banking reforms are crucial for industry stability and growth.
7. Future Outlook:
   • The potential for federal rescheduling remains strong, with hearings scheduled for early 2025.
   • State-level initiatives and regulatory developments will continue to shape the industry.

Watch the replay!

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