In recent weeks, top U.S. lawmakers and political influencers have offered a host of calls-to-action for federal and state reforms, sending strong signals that the legal risks tied to legal cannabis are lifting.
Chief among them are calls to deschedule marijuana by two political heavy hitters:
- Former House Speaker John Boehner, a longtime opponent to legalization, says his position on the issue has “evolved” so much so that the Ohio Republican has joined the advisory board of cannabis-investment firm Acreage Holdings, based in New York.
- Senate including Minority Leader Chuck Schumer has promised to introduce legislation to decriminalize cannabis by removing it from the list of scheduled substances under the Controlled Substances Act.
Klein argues that a “complex web” of federal rules could still deter banks from doing business with cannabis companies, depending on the specific policies lawmakers choose to press forward with.
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