Is Legal Weed Doomed To Be Run By Big Business?
It has been a tumultuous year for cannabis policy reform in America
Last October, when President Biden announced that he would take steps to overhaul America’s marijuana laws and pardon those convicted of simple marijuana possession at the federal level, it seemed on the surface as though the pendulum were finally swinging in the direction that cannabis legalization advocates had been wanting for decades.
It didn’t take long for critics to quickly point out, however, that Biden’s call to review the classification of cannabis — currently a Schedule 1 illegal drug with no medical uses, on par with heroin and LSD — contained one glaring pitfall for those who support legalization: According to advocates, declassifying marijuana completely is the only path forward for a legal cannabis marketplace. Reclassifying, or simply downgrading marijuana to Schedule 2, 3, or 4? That would put cannabis on the level of such drugs as oxycodone or ketamine or Valium — and topple any hope for recreational sales.
It has been a tumultuous year for cannabis policy reform in America, with conflicting interests warring over one of the fastest-growing industries in the US. Legal sales of marijuana were expected to top $33 billion by the end of 2022, largely driven by new, adult-use markets in several states, yet cannabis remains illegal under federal law, and thousands of people are still in prison for marijuana-related offenses.
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