Opinion: Emerging Trends and Regulatory Shifts in 2024
As we turn the calendar to 2024, the legal cannabis industry in the U.S. finds itself at a crossroads, with significant potential regulatory, legal and legislative developments on the horizon. The unintended consequences of the 2018 Farm Bill have catalyzed a pressing need for federal action on hemp-derived products, challenging lawmakers to redefine the boundaries of this burgeoning market. Simultaneously, state-level residency restrictions are facing constitutional scrutiny, potentially reshaping the industry's ownership landscape.
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Our Cannabis Practice provides advice on issues related to applicable federal and state law. Marijuana remains an illegal controlled substance under federal law.