The White House finally comments on the marijuana industry

Part of the cannabis industry supported the new president and quickly bet on cannabis – the white house finally commented.

The cannabis industry was a blessing for consumers, medical patients, veterans and legal states, but for the thousands of mom and pop companies was a roller coaster ride. With enormous demand it seems to be easy money, but the restrictions of the federal government, the tax and banking transactions have made it difficult to grow and expand. Part of the industry was all for the new administration assuming that they would support positive changes, but many in the new cabinet and the spokesman for the House of Representatives Mike Johnson are enemies. Now the White House finally comments on the marijuana industry … and it doesn't show a clear way.

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The current attitude of the administration to the marijuana reform is characterized by inactivity despite the campaign promises and earlier signals of support for cannabis reforms. An official of the White House recently confirmed that “no measures are currently being considered” in relation to the marijuana policy, so that supporters and interest groups of industry are uncertain about the priorities of the administration.

During his campaign, the resident pressed the support for the rescheduling of marijuana as part of the law on controlled substances (CSA), which would shift it from Appendix I to Templan III, which would enable the restrictions on medical use and the enabling of cannabis companies to access banking and tax advantages. However, no concrete steps have been taken since taking office in order to advance this initiative. A DEA hearing for rescheduling, which was originally planned for January 2025.

The president also expressed the support of state autonomy in cannabis policy and supported legalization initiatives at the state level, such as Florida's failed ballot papers for the leisure marijuana. This reflects a cheaper attitude compared to its first term, but its administration has not yet prioritized federal reforms such as Safe Banking Act, which would make bank services easier for cannabi companies. The efforts to include such measures in a state financing law at the end of last year were unsuccessful.

The delay in the federal action has a significant impact on the cannabis industry. The rescheduling of marijuana could reduce financial burdens by eliminating restrictions in accordance with IRS code § 280e and promoting medical research. With the trial process, however, companies navigate the regulatory uncertainties and limited financial access.

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While the stakeholders continue to be used for reforms, the administration seems to focus on other priorities such as immigration and foreign policy. The supporters hope that the president will use his influence to drive the cannabi reform forward, but for the time being the problem remains selected. Until then, the industry is fighting and waiting.