2024 is going to be a crazy year for cannabis businesses and investors. Among many other things, there will be a general election, possible rescheduling to Schedule III of the Controlled Substances Act (CSA), an upcoming Farm Bill that could re-tool how hemp and hemp products are regulated, and maybe even some federal cannabis legislation. Okay, that last one is probably a longshot given how incompetent Congress has been on cannabis, but we’ll see.
Changes in law lead to a lot of predatory conduct. Even the mere possibility of changes leads to predatory conduct. This means that both existing cannabis businesses, as well as investors, have a huge amount of risk going into the new year.
Our cannabis business attorneys have been representing clients in the cannabis industry since 2010. During that time, we’ve seen the industry face a whole host of problems. Today I want to talk about some of the biggest potential risks that I think cannabis businesses and investors will face in 2024.
1. The unrelenting illegal market will get worse
I’ve been writing about the illegal market problem forever. Just look at what I’ve written about for California. The illegal market is not going away. It has
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