Outlook Dim For US Marijuana Legalization In 2022, But Banking Reform Alive

Industry officials remain upbeat about 2022, even if full legalization is years away

The federal marijuana reform landscape in 2022 is cloudy, with most national insiders doubting a comprehensive legalization bill will succeed just yet given the unfavorable political dynamics in Washington DC.

Rather, if the U.S. marijuana industry is going to score legislative victories in Congress, they likely will be smaller but notable steps forward, such as the possible passage of the SAFE Banking Act or other federal reforms, sources said.

“Are we going to get comprehensive reform? No. Could we get an incremental reform? The numbers are there,” said Michael Correia, director of government relations for the National Cannabis Industry Association.

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