Legal cannabis is a $15 billion industry in the US, but it’s still prohibited at the federal level.
Though marijuana is legal for medicinal purposes in 37 states and Washington, DC — and recreationally in 18 — the use, possession or sale of cannabis remains prohibited by federal statute.
That’s created a significant disconnect that an increasing number of lawmakers are eager to reconcile: In a letter last month, Senate Majority Leader Charles Schumer, Senate Finance Committee Chair Sen. Ron Wyden and Sen. Cory Booker invited their colleagues to help draft legislation that would end the federal ban and lift state-sanctioned dispensaries out of legal limbo.
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