The cannabis industry has been a boon for consumers, medical patients, veterans and legal states, but for thousands of companies in mom and pop is a roller coaster. With huge demand, it seems that it is easy money, but federal, tax and banking restrictions have made growth and growth difficult. Part of the industry concerned the new administration assuming that it would support a positive change, but many in the new cabinet and the president of the Mike Johnson room are enemies. Now, the White House finally comments on the marijuana industry … and it does not show a clear path.
The current position of the administration on the reform of marijuana is marked by inaction, despite the campaign promises and the previous signals of support for the reforms linked to cannabis. An official of the White House recently confirmed that “no action is considered at the moment” concerning marijuana policy, leaving the defenders and stakeholders of the uncertain industry of the priorities of the administration.
During his campaign, the resident expressed his support for the re -evolution of marijuana under the law on controlled substances (CSA), which would move it from Annex I to Annex III, softening restrictions on medical use and would allow cannabis companies to access banks and tax advantages. However, since its entry into office, no concrete measure has been taken to advance this initiative. A DEA hearing on reprogramming, initially scheduled for January 2025, has been postponed due to procedural calls and remains unexpected.
The president also expressed his support for the autonomy of the state in cannabis policy and approved legalization initiatives at the state level, such as the failed voting measure of Florida in 2024 for recreational marijuana. Although this reflects a more favorable position compared to its first mandate, its administration has not yet prioritized federal reforms such as Safe Banking Act, which would facilitate banking services for cannabis companies. Efforts to include such measures in a government financing bill at the end of last year failed.
The delay in federal action has important implications for the cannabis industry. The re -evaluation of marijuana could alleviate financial charges by eliminating the restrictions under article 280th of the IRS code and by promoting medical research. However, the deadline process leaves companies to navigate in regulatory uncertainty and limited financial access.
While stakeholders continue to lobby for reform, the administration seems to focus on other priorities such as immigration and foreign policy. The defenders hope that the president will take advantage of his influence to advance cannabis reform, but for the moment, the question remains away. Until then, industry is fighting and waiting.
Fresh toast is a daily lifestyle platform with one side of cannabis. For more information, visit www.thefreshtoast.com.
Copyright 2025 Fresh toast. Distributed by Tribune Content Agency, LLC.
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