The American Bar Association’s House of Delegates passed a resolution calling on Congress to end federal prohibition on marijuana by removing it as a Schedule 1 controlled substance and allowing States to opt out of the Controlled Substances Act. As more states legalize marijuana for medical and/or adult-use purposes, tensions between federal marijuana laws and state reforms have come to a head. Marijuana businesses face unique challenges related to banking services, tax deductions, and IP protections. The ABA is urging Congress to eliminate these tensions by updating its marijuana policies to end prohibition and better align with state-law reforms.
RSHC’s Nathan Howze is scheduled to speak at the ABA’s “Navigating the Rapidly Emerging Fields of Cannabis & Hemp Law” conference in Chicago on September 19-20.