Cannabis in 2023: Here to Stay, but Major Challenges Remain
Co-author, Cannabis Industry Journal, January 10, 2023
2022 brought more change and visibility to the cannabis industry than nearly any year before. Two of five legalization ballot measures passed, bringing the total number of states with legal medical or medical and recreational laws to 39. President Biden issued an executive order pardoning nonviolent offenders and directing a review into rescheduling cannabis. The Medical Marijuana and Cannabidiol Research Expansion Act was enacted. Cannabis arose prominently in legislatures across the country, with over 50 federal bills and hundreds of state-level measures introduced.
But as 2022 came to a close, only a handful of actions are being carried into the new year, and the industry faces more hardship and turmoil than it has since the inception of legalization. Legal cannabis retailers and cultivators in markets across the country continue to struggle with onerous regulations and competition from the illicit market, and oversupply in these markets is driving down prices as West Coast growers and manufacturers anxiously await interstate commerce.
Click here to read the full article.
Contributors:
Recent Insights
Read MoreFCC Moves to Address Offshore Call Centers and Foreign Robocalls
Presentation | March 10, 2026What’s Next for Denver’s Sports Facilities and Stadium Development
Presentation | March 09, 2026Equity in Action: Embedding Justice in Land Use Decisions
Article | March 09, 2026Tina Peters clemency? Her sentence was drastically harsher than those of two Democratic lawmakers (Opinion)
Client Alert | March 06, 202630 Races, 11 Open Seats: What to Watch During the 2026 State AG Elections
Presentation | March 06, 2026Public Policy, Legislative Issues and the Upcoming Elections
You have chosen to send an email to Brownstein Hyatt Farber Schreck or one of its lawyers. The sending and receipt of this email and the information in it does not in itself create and attorney-client relationship between us.
If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers.
If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you and even to use the information you submit to us against you.
I have read this and want to send an email.