Over the past month, conversations about federal reform of cannabis have accelerated. With 40 percent of the U.S. population living in states where adult-use cannabis is legally accessible, action from the federal government is inevitable. But it is not clear that state lawmakers are prepared for what’s to come.
Eighteen states to date have passed bills that regulate the sale, processing, and consumption of adult-use (21 and older) cannabis. The curious legal circumstances of these markets, legal at the state level and illegal at the federal level, have resulted in a variety of regulatory and taxation frameworks — most designed for a situation without interstate competition and trade.
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