What Federal Marijuana Legalization Could Look Like | 710 Morning Show | September 27, 2021


Senator Chuck Schumer has thrown his weight behind cannabis decriminalization, producing a draft bill this summer that would regulate a nationwide industry and force siloed state markets to interact with each other. Tearing down those walls would open up new business opportunities and unlock more traditional banking tools for an industry that has long been forced to primarily use cash. However, it could immediately expose every existing state market to a frenzy of national competitors and disrupt hard-fought local policies, a combination of fears that have started to muddle the industry's approach to federal legalization.


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