Opinions and Legal Insights

Cannabis Businesses Seek Federal Reform, Despite Senate Setback

Cannabis reform advocates had plenty to celebrate Tuesday night after a perfect run of success for state ballot measures. They were markedly less enthusiastic about the direction of the federal races.

With several key states still counting absentee and mail-in ballots on Wednesday, much remained unsettled on the national level – including the presidency. Republicans appeared to have the edge for control of the U.S. Senate, however, dashing the hopes of industry insiders who saw Democrats controlling the upper chamber as the key to federal reforms.

“That’s what makes cannabis such an interesting industry – it’s really unpredictable,” said Steve Schain, an attorney with the Hoban Law Group who represents cannabis clients in Pennsylvania and New Jersey. “One of the great things about legalized marijuana is no one knows anything.”

Read the full article on Benzinga

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