Will Marijuana Become Legal? Is Federalization Really What We Want?

This article was originally published on Hoban Law Group, and appears here with permission.

The Federalization of Marijuana will change the landscape of the localized marijuana industry and will be the next evolution in the realm of legal marijuana.  Federal legalization will certainly bring more basic business tools to marijuana entrepreneurs such as banking, access to federal loans and grants, interstate commerce, etc. But, what other impacts will Federal legalization bring? How will your current localized industry adapt? Or, is the question, can it adapt? 

The marijuana industry has been an instrumental economic driving force in every state that has embraced the creation of a legalized licensed marijuana market. As the industry continues to transform into a legitimate and substantial economic influence, it brings along with it a rise in work for ancillary businesses.  When Federal legalization occurs, it’s important to communicate to your Federal lawmakers the importance of creating a legalized scheme that protects the local small marijuana business owners who pioneered the space. Federal legalization means the risk that has kept the big corporations out of the market place disappears. It was that same risk that …

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