and also asked the Department of Health and Human Services and the Attorney General to review “expeditiously” how marijuana is scheduled under federal law. Currently, cannabis is classified as a Schedule 1 drug, along with heroin and LSD, a category reserved for narcotics with a high potential for abuse and no medical value.
“Everyone's throwing in the towel at the bottom,” says Paxhia. “We can grow from here. For those companies that survive, the demand is still there.” During a lobbying trip to Washington, D.C. in early May, he says there is support for marijuana banking reform measures and federal legalization but maybe not enough to get bills passed this year. And with big issues like the debt ceiling, the threat of artificial intelligence, and the collapse of banks, legalizing weed doesn’t get priority.
Paul Armentano, the deputy director of nonprofit marijuana legalization advocacy group NORML, doesn’t expect the federal government to legalize weed this year and is not interested in “prognosticating.” The battle of legalization will continue to be won state by state.He says Ohio, Hawaii, Florida and New Hampshire could bring adult-use marijuana to a vote this year, but the remaining Republican-controlled states will be difficult.
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