Bloomberg Law
March 20, 2023, 11:00 AM

Weed’s Legal Purgatory Is a Growing Issue: The Dose

Tiffany Kary
Tiffany Kary
Bloomberg News

Welcome to this week’s issue of the Dose, which tracks the psychedelics and cannabis industries. While companies and scientists delved into the potential of mushrooms and marijuana at South by Southwest, banking problems that have the potential to affect both industries began to unfold.

Weed’s legal fissure

Legal ambiguities that have helped cannabis thrive at the state level are coming back to bite it.

Recent bank turmoil is creating new risks for cannabis companies. While the industry exploited the gap between state and federal law for years to grow, it can’t escape all the consequences of its legally ambiguous existence. In fact, problems stemming ...

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