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How Can This Be Legal? How States Legalized a Federally Illegal Industry
Presented by Scott Redman
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Course Description
Length: 1h 5min Published: 1/24/2024 
The legalization of cannabis in the U.S. has seen rapid growth in recent years. However, even as we've seen the expansion of legal production, distribution, and use of cannabis at the state level, cannabis is still considered a Schedule 1 Controlled Substance federally, making it a highly illegal drug. This program will dive into the dichotomy of state and federal laws regarding cannabis. Topics covered include the federal regulatory framework of cannabis, the Ogden and Cole Memos and the pathway for legitimacy, the basic regulatory pillars of states' cannabis programs, the adverse impact of federal illegality, and the future of federal legalization.
Learning Objectives
* Understand the existing federal regulatory framework of cannabis and its impact on states where cannabis is legal
* Know the basic legal pillars of states' cannabis programs
* Learn the current trends and potential future of cannabis legality in the U.S.
Speaker Q&A
Question
Mr. Redman, Does any state, where Marijuana is legal either for recreational or medical use, allow its use in conjunction with prescription opioid use prescribed for chronic pain?
- RogerJ
Answer
I am not aware of any state law on the subject. It would seem to me to be a contraindication issue (if any) to be discussed with your physician.
- Scott Redman
Question
How is it possible (legally speaking) to have publicly traded cannabis companies?
- GillianF
Answer
They are typically traded on the Canadian stock exchange – Canada has legalized cannabis nationally.
- Scott Redman
Question
Does the President's reclassification of cannabis to a "non-schedule 1" drug have any effect on the tax treatment of cannabis by the federal government?
- LouisW
Answer
Yes, a rescheduling will not only remove the adverse tax treatment of Section 280E, it will also alleviate other federal issues like use of bankruptcy, patents, etc.
- Scott Redman
Presented By:
Scott Redman
Chicago, IL
312-583-7733
scott@sredmanlaw.com
Featured Reviews
"This is a new area for me. It was quite interesting to learn how the federal law co-exists with the state legalization laws."
Kathleen B
