I really fought myself on putting together a festivus post of all that went wrong for the cannabis industry in 2021. Instead, I want to focus on the positives for 2022 as the industry continues to mature and expand across the U.S. and abroad. As 2021 comes to a close, here’s what I’m looking forward to in cannabis next year:
Federal legal reform
2021 was a total failure when it comes to federal legalization. We got more than enough lip service from Democrats about how legalization and reform would be a top priority. None of that came to fruition, and it appears that Democrats even actively fought against some pretty meaningful banking reform by killing off the SAFE Banking Act as part of the NDAA. I still have hope that proposed legislation like the States Reform Act will make its way into reality in 2022.
California tax reform
California takes it on the head repeatedly for its broken down cannabis licensing program. The state has all kinds of issues regarding licensing backlog, onerous regulatory red tape, overwhelming local control, and, of course, some of the highest cannabis taxes around. While COVID recovery has been the star of the state for