Although legal for recreational use in almost 30 states, and also for therapeutic purposes in more than 40, cannabis in the USA has remained illegal at the federal level.
An obstacle for the green American cannabis industry, which since 2014, the year in which authorized sales officially began in Colorado and Washington State, has generated over 15 billion dollars in taxes, confirming itself as the largest consumer market existing.
However, 2024, according to the analyzes of some experts, could be revolutionary for cannabis in America, and, consequently, for the whole world. Because of the federal legalization which is ever closer.
Cannabis in the USA: federal legalization to make history
Why is federal legalization so important? To eliminate the obstacles which slow down the growth of the cannabis sector in the country of stars and stripes. Obstacles such as banking restrictions and trade laws.
Thus guaranteeing (finally) also production companies and dispensaries the possibility of accessing financing with safe banks and to be listed on the stock exchange. A possibility that would act as a springboard for the American green sector on a global level.
And from what several experts and analysts have declared, in 2024 the United States federal government could reclassify cannabis as a substance of Table III, marking a significant step in its regulation at the federal level.
However, the Drug Enforcement Administration (DEA), in a letter sent to legislators, underlined that, regardless of the recommendations of the Department of Health and Human Services, it reserves the final authority to make any decisions regarding the ongoing review.
