The status of marijuana federal legalization and interstate commerce is currently evolving.
While marijuana remains illegal at the federal level, there has been a growing trend towards legalization at the state level.
As of now, 18 states and the District of Columbia have legalized marijuana for recreational use, while 37 states have legalized it for medical purposes.
This shift in state laws has created a complex landscape for marijuana businesses, as they face challenges in accessing banking services and navigating conflicting regulations. However, there is growing support for federal legalization, with several bills introduced in Congress to remove marijuana from the list of controlled substances.
Additionally, there is increasing recognition of the economic benefits of marijuana legalization, with the industry projected to generate billions of dollars in tax revenue and create thousands of jobs.
While interstate commerce of marijuana remains restricted due to federal prohibition, there are efforts underway to address this issue, such as the proposed legislation known as the “SAFE Banking Act” which aims to provide financial services to state-legal marijuana businesses.
Overall, the future of marijuana federal legalization and interstate commerce appears promising, with a strong momentum towards reform and a growing recognition of the potential benefits.