Will Federal Marijuana Legalization in 2022 Happen?

CANNANNEW REPORT

Hopes were high in early 2021 that new President Joe Biden and a Democrat-controlled Congress would legalize marijuana at the federal level. But while cannabis becoming more mainstream is one of the expected trends of 2022, marijuana legalization in 2022 is not for many in the industry. Efforts to pass a marijuana legalization bill, despite many promises made by Democrats, has not yet happened. In recent interviews with NBC, some in the cannabis industry voiced concern whether it will happen at all in the near future. Narmin Jarrous, chief development officer of Michigan-based cannabis company Exclusive Brands, told NBC the lack of action by Congress is frustrating. “We can always make excuses for why things don’t get done but,” she said. “At the end of the day, that doesn’t help the people in prison and it doesn’t help the people who are continuously being affected by the war on drugs.” Where Federal Marijuana Legalization Stands in 2022 The Secure and Fair Enforcement Banking Act would have cleared the way for banks to provide financial services to cannabis companies without fear of reprisals by the federal government. Banks currently keep clear of providing these services, even in states where marijuana is legal. It’s led to many dispensaries having to operate with cash, which has made them targets for theft. The Marijuana Opportunity Reinvestment and Expungement Act which would have decriminalized marijuana at the federal level. Late in 2021, Republicans filed the States Reform Act that would have essentially decriminalized marijuana use. None of these bills have passed. Jarrous told NBC, “I know there are paths forward for the industry, but I’m becoming more and more cynical of Congress’ ability or desire to do anything.” However, Erik Altieri, executive director of NORML, said while the slow process is frustrating, people should note…

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