Risk of Federal Enforcement Actions Against State-Legal Cannabis…

Do U.S. Cannabis Industry Investments Face Risk Of Federal Enforcement Action? Theoretically Yes, Practically No

Guest post by David Wenger

The US cannabis industry is intriguing to investors. But marijuana remains a Schedule 1 drug under the United States Controlled Substances Act (CSA). Does that mean that investments in the industry face risk of a federal enforcement action against an industry business?

Federal Interference and Legislative Protection

Nationwide, between 2002 and 2012, the federal government processed more than $1 billion in marijuana-related asset forfeitures.[1] California had the largest share, accounting for more than $180 million.[2] Serious tension existed between federal agencies and local law enforcement seeking to benefit from the proceeds of forfeitures, on the one hand, and a burgeoning municipal-licensed medical cannabis industry (state-level licensing began taking effect in 2016).[3]

Significant progress on cannabis Prohibition policy came

... read more at: https://www.newcannabisventures.com/risk-of-federal-enforcement-actions-against-state-legal-cannabis-businesses-declines/