Who Will be the Winners and Losers When Federal Cannabis Prohibition Ends?
The pioneers who braved federal threats to create the legal cannabis market are least likely to benefit commercially when prohibition eventually ends.
Is it time to break out the cannabis-infused bubbly?
Many analysts are predicting not whether but when cannabis will become federally legal for adult use in the United States, as it has in countries like Canada and Uruguay -- with others such as Mexico likely soon to follow. It may come in the form of the government removing cannabis as a scheduled drug under the Controlled Substances Act (CSA). It may come in the form of the pending STATES Act or through other congressional action. It may even come through the courts -- for example, with the current constitutional challenge to the CSA as it applies to cannabis. An initial dismissal was recently argued on appeal.
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