America has made up its mind on marijuana. Most Americans think it should be legal, and all but two states have decriminalized or legalized the drug in some form. But it remains federally banned, classified as a Schedule I controlled substance (the most strictly controlled). That situation might soon change.
Under the previous administration, legal marijuana became a multi-billion dollar industry. Though still illegal under federal law, the federal government assured states it would not interfere with state-based marijuana legalization, an arrangement that allowed the industry to thrive. The current administration, however, has made no such promise. And the threat of federal interference has left legal marijuana businesses in a tenuous situation that will impact consumers and the more than 150,000 people that industry employs.
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