Cannabis industry looks ahead to 2023 after facing challenges in 2022

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Alex Malyshev and Sarah Ganley of Carter Ledyard & Milburn LLP recap some key developments in the cannabis industry and discuss steps in states and the federal government toward legalization and reform as well as what to expect in 2023.

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In December, Congress passed its first standalone piece of cannabis-related reform: the Medical Marijuana and Cannabidiol Research Expansion Act . The bipartisan legislation paves the way for more research into cannabis's medicinal uses by rolling back federal restrictions on research and the cultivation of research-grade cannabis . The MMCREA also promotes the development of U.S. Food and Drug Administration -approved drugs using CBD and cannabis.

Another likely candidate for re-introduction is the States Reform Act , which would decriminalize cannabis at the federal level while deferring to state powers over prohibition and commercial regulation.It has now been nearly four years since the FDA asserted regulatory oversight over cannabidol .

In addition, the FDA issued warning letters in the first half of 2022 to companies selling products containing Delta-8 THC, an intoxicating hemp-derived cannabinoid that is currently being sold on the unregulated market in certain states. And in November, the FDA again issued a series of warning letters, this time to companies selling CBD-infused food and beverages.

Given that public support for reform remains at an all-time high , we expect legalization and reform at the state level to continue in the year ahead. For example, lawmakers in Minnesota introduced a pair of bills earlier this month that would legalize recreational cannabis. Minnesota's newly elected governor, a known cannabis legalization advocate, has stated that he could see legalization happening in the state in the coming year.

Several other states' cannabis programs, including New York's social equity component, are facing legal challenge on the basis that their licensing requirements violate the dormant commerce clause of the U.S. Constitution, which prohibits states from discriminating against interstate commerce by favoring citizens of their states over others.

 

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Must be selling the washed weed after making resin for Vapes

Overall the cannabis industry will experience an unforgettable high.

Wow! If WEED is facing challenges - things like tattoos don't stand a chance!!

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