Colorado has been testing the legalization of both recreational and medical marijuana for two years now. Since them, pot has become more ordinary. Cannabis stores are no longer the special stops that they used to be. Also, there is no surprise when people smell the drug in the air. Walking down Colorado’s streets, one can see a numerous amount of people smoking on vaporizers whether it is on the sidewalk, or in traffic going home from work. However, nobodies know whether they are smoking tobacco or cannabis. Either way, marijuana has no longer become taboo; it is obvious it is there to stay.
Yet sundry changes over the last couple of weeks may indicate that legalization is not as strong and stable as it is believed to be. Just last week, a federal judge got rid of a lawsuit that would have helped start up the first cannabis credit union. The decision came from an important lawsuit that could have a harmful effect on marijuana businesses everywhere. Also, there were threats recently from the federal government that marijuana could not be advertised through the mail. These events each show that marijuana markets are not definite and that 2016 could be the year where the existing industries begin to fall.
This is because there is a tremendous force that the cannabis industry is up against. The federal government has recently been interfering heavily with the market. Lawmakers and business stakeholders have been extremely innovative to find ways around these laws with marijuana regulations where there were no industries before. As creative as they would like to be, there is no way to avoid the fact that under the U.S. Controlled Substances Act, cannabis is still completely illegal.
“The thing I always tell people is [federal illegality] hangs over everything in the industry,” Sam Kamin, a professor specializing in marijuana law at the University of Denver, stated. “There is this cloud that hangs over the industry, and occasionally it rains.”
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