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Legal Cannabis Is Powering the US Economy; Washington Needs to Catch Up
The question is no longer whether the United States should move toward legalization, but why federal law still treats a mainstream industry as a crime.
Nov 26, 2025
This fall, the Drug Enforcement Administration is anticipated to decide whether to reclassify cannabis at the federal level. Nearly 90% of Americans support cannabis legalization, 47 states have legalized it for medical use, and over 20 allow for recreational use. The question is no longer whether the United States should move toward legalization, but why federal law still treats a mainstream industry as a crime.
In 2024, Americans spent just as much on cannabis as they did on beer. The US legal cannabis market is worth more than $35 billion and expanding quickly. Yet, under federal law, cannabis is still a Schedule I drug, grouped alongside heroin and considered to have “no medical use.” It’s a Nixon-era relic that has remained unchanged since 1971—by those outdated standards, cocaine and crystal meth are classified as less harmful Schedule II substances. That classification is not only outdated, but it also creates an untenable mismatch between federal policy and economic reality.
Today, cannabis is one of the fastest-growing industries in America, employing nearly 500,000 people—more than the beverage and tobacco manufacturing industries combined—and generating billions in annual tax revenue. Federal legalization would strengthen an already significant engine of economic growth. The cannabis industry added roughly $115 billion to the US economy in 2024 alone and is expected to reach $45 billion in legal sales by 2025. It is one of the few sectors that is both labor-intensive and domestically produced—every gram sold is grown, tested, packaged, and distributed in the US.
All of this growth has happened without access to the basic tools every other sector relies on: banking, capital markets, credit cards, and institutional investment. Because cannabis remains federally illegal, businesses can’t take out conventional bank loans, list on US stock exchanges, or process credit card payments. Dispensaries operate as cash-only businesses, creating daily security risks for employees and customers. Entrepreneurs cannot access Small Business Administration loans or standard insurance. Even employees, founders and executives in the cannabis industry often struggle to qualify for personal mortgage loans due to the industry they work in.
Rescheduling would not be radical. It would be a recognition of the obvious: Cannabis is already part of American life and the American economy.
The result is a thriving yet hobbled industry, competing on an uneven playing field. Legal operators are forced to navigate a different set of regulations, packaging requirements, and facilities for every state where they conduct business, while the illicit market still accounts for an estimated $50 billion in unregulated sales each year and has no problem selling cannabis to the American youth. The DEA’s forthcoming decision offers an opportunity to modernize this system before it calcifies further.
The cultural and economic shifts are here to stay. Cannabis is mainstream. It’s integral to how Americans relax, socialize, and take care of themselves. It’s in our music, our fashion, our film, and our homes. What’s missing is a legal, regulatory, and financial framework at the federal level that reflects reality.
The public health case is equally clear. Consistent national standards would strengthen consumer safety and transparency, closing the gap between legal and illicit markets. Rescheduling would also remove barriers to research and innovation. The current classification makes it nearly impossible for US scientists to study cannabis at scale, leaving critical medical discoveries to foreign and underfunded research programs.
In a country where millions of adults use cannabis for anxiety, pain, and sleep, and where opioid dependency remains a public health crisis, the restriction is not just outdated, but negligent.
A recent study published by the American Journal of Health Economics found that states with legal cannabis programs reduced opioid prescriptions by up to 22%. The American Medical Association also found that cannabis helps cancer patients reduce opioid use throughout their treatments.
Legalization would also improve public safety. With access to banking, dispensaries could move away from cash-heavy operations that make them frequent targets for robbery. National standards for labeling, potency, and contaminants would protect consumers and build trust. And as we’ve already seen in legal states, underage use declines when cannabis is regulated.
Rescheduling would not be radical. It would be a recognition of the obvious: Cannabis is already part of American life and the American economy. In 2023, the Department of Health and Human Services formally recommended to the DEA that cannabis be rescheduled—a historic acknowledgment that federal law is out of step with science, public opinion, and economic reality. Even the Supreme Court has noted the “contradictory and unstable” relationship between federal and state cannabis laws.
This is one of the few policy issues with broad bipartisan support. Former President Joe Biden campaigned on rescheduling cannabis in 2020. So did President Donald Trump in 2024. With the DEA’s decision imminent, the window for meaningful modernization has never been clearer.
The cultural reality is undeniable. The economic opportunity is massive. The public mandate is clear. The question is no longer whether cannabis belongs in American life—it already does. The question is when federal law will finally catch up.
It’s time for Washington to finish what the majority of states have already started: Bring cannabis policy into alignment with science, economics, and public consensus.
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4/20 Is No Celebration for Thousands—Trump Can Change That
The time for incremental change is over. The cannabis industry is booming, generating billions in revenue and creating jobs. Yet, thousands remain imprisoned for actions that are now considered perfectly legal.
Apr 20, 2025
Across the country, cannabis users today will celebrate 4/20, a day synonymous with the plant's consumption and a symbol of its growing acceptance.
But for thousands of people still incarcerated for cannabis-related offenses, 4/20 is not a day of celebration; it’s a reminder of an unjust system that has yet to make amends.
The legal landscape around cannabis has evolved dramatically. Forty-one states now have some form of legal cannabis. Cannabis companies are going public on Wall Street, dispensaries are opening in high-end shopping districts, and tax revenues from legal sales are funding schools and infrastructure.
Nevertheless, tens of thousands of people remain imprisoned for the very substance that is now a billion-dollar industry. Millions of individuals are also still coping with the life-long burden of having a cannabis conviction on their record.
This is a moral and economic outrage that demands an immediate solution.
President Donal Trump and his administration have a chance to go further than President Joe Biden ever did on cannabis by pardoning every individual imprisoned for cannabis at the federal level.
That’s not as unlikely as some might think.
On the campaign trail, Trump said he was starting to “agree a lot more” that individuals should not be criminalized for cannabis when it’s being legalized across the country. He even posted, “I believe it is time to end needless arrests and incarcerations of adults for small amounts of marijuana for personal use.”
In his first term, President Trump commuted the sentences of 16 people and pardoned 6 individuals for cannabis offenses. He also championed the bipartisan sentencing reform bill, the First Step Act, which was designed to promote rehabilitation, lower recidivism, and reduce excessive sentences for certain federal drug offenses.
He’s not alone in his administration. J.D. Vance told Joe Rogan that his overall philosophy on marijuana and psychedelics is to “live and let live,” and reaffirmed that he feels people should not be criminalized over cannabis. Elon Musk, the de facto head of DOGE, famously smoked a blunt on Rogan’s podcast.
Clemency isn’t the only place where President Trump can go further than his predecessor. He could also significantly boost America's budding cannabis industry by rescheduling cannabis. This would both reduce tax burdens and help the United States tap into an industry projected to reach over $100 billion by 2030, while also easing the burden on law enforcement and the judicial system.
Rescheduling is also an opportunity for Trump to deliver for Black and Brown communities, who suffer the most from outdated cannabis policies and supported the president in record numbers in 2024. On average, Black individuals are more than three times more likely than white Americans to be arrested for cannabis despite similar consumption rates. President Trump can help right an injustice that has gone on far too long.
Both granting clemency for people convicted of cannabis-related crimes and rescheduling cannabis would be immensely popular decisions for President Trump. A YouGov poll found that 70 percent of Americans support clearing criminal records for past non-violent marijuana-related convictions. According to an American Civil Liberties Union poll, 84% of registered voters support the release of people serving time for crimes that are no longer considered illegal.
Only one in 10 Americans believe marijuana should not be legal at all, according to the Pew Research Center.
The time for incremental change is over. The cannabis industry is booming, generating billions in revenue and creating jobs. Yet, thousands remain imprisoned for actions that are now considered perfectly legal.
This is a moral and economic outrage that demands an immediate solution. President Trump has a penchant for bold action and the power to turn 4/20 into a day for real celebration through cannabis clemency and rescheduling.
He should seize this moment and right the wrongs that every president this century has kicked down the road.
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'Will of the People Should Be the Law of the Land': WI Gov. Says Fight GOP With Voter-Led Initiatives
Gov. Tony Evers' suggested priorities for state ballot measures include abortion rights, expanding public healthcare for low-income people, gun safety reform, and marijuana legalization.
Jan 08, 2025
Amid discussions across the United States about how to fight for progressive policies given the federal government's looming Republican trifecta, Democratic Wisconsin Gov. Tony Evers on Wednesday renewed his call for letting voters in his state initiate ballot measures.
" Republicans' message to Wisconsinites is crystal clear—anything that gives the people of Wisconsin a voice and direct input on the policies of our state is 'dead on arrival,'" Evers said in a Wednesday statement. "That's breathtaking."
Wisconsin is among the two dozen U.S. states that don't allow citizen-initiated ballot measures, according to Ballotpedia. In the Badger State, only lawmakers can put a proposed constitutional amendment on the ballot, after it passes two consecutive legislative sessions.
Evers, who is halfway through his second term, is fighting for a citizen-initiated option, despite opposition from Republican state lawmakers. The governor is including his proposal for ballot measures from voters in his budget for 2025-27, as he detailed in a video posted on social media.
"The will of the people should be the law of the land. Republican lawmakers have repeatedly worked to put constitutional amendments on the ballot that Republicans drafted, and Republicans passed, all while Republicans refuse to give that same power to the people of Wisconsin. And that's wrong," Evers told reporters on Friday, according to the Milwaukee Journal Sentinel.
Despite new political maps for the November elections, Republicans retained control of the Wisconsin State Legislature, with a 54-45 majority in the Assembly and 18-15 majority in the Senate. Key lawmakers, including Assembly Speaker Robin Vos (R-63) and Senate Majority Leader Devin LeMahieu (R-9), have made their opposition to Evers' proposal clear.
While opposing Evers' effort to boost direct democracy in the state, Wisconsin's Republican legislators have taken advantage of the state's existing process. The Senate on Wednesday voted along party lines for a proposed constitutional amendment to require voter ID for elections—continuing a trend from last year.
Evers' office explained that "Wisconsinites saw five statewide referenda questions in 2024—the most in a single year in over four decades, according to a report from the Milwaukee Journal Sentinel—all of which were drafted, legislatively passed, and placed on the ballot by Republican lawmakers, largely without direct input from the people of Wisconsin."
The governor said Wednesday that "Republican lawmakers in the next week are set to add yet another constitutional amendment to the ballot while telling Wisconsinites they can't have that same power. If Republicans are going to continue to legislate by constitutional amendment, then they should be willing to give Wisconsinites that same opportunity. Pretty simple stuff."
His office also suggested some potential ballot measure priorities: "legalizing and regulating marijuana, ensuring access to safe and legal abortion, expanding BadgerCare, and enacting commonsense gun safety reform policies."
Amid a fresh wave of Republican policymakers' attacks on reproductive freedom in the wake of the U.S. Supreme Court's right-wing majority reversing Roe v. Wade in 2022, several states have passed protections via ballot measures, including 7 of 10 states in November. Another top priority in recent cycles has been measures to help workers, including raising the minimum wage.
"As Americans prepare for the conservative headwinds in Washington, ballot measures offer a way to circumvent regressive political agendas and partisan gridlock to make change for working families, according to the Fairness Project, an advocacy group that supports progressive citizen-led initiatives.
The Fairness Project last month released a report detailing how it "has an unmatched number of victories on progressive ballot measure campaigns across the country, having won a total of 39 campaigns across 20 states since 2016," including nine efforts in the last cycle.
"We won in some of the deepest red, most conservative places in our country," noted Kelly Hall, the group's executive director, in a statement. "We won against vehement opposition and politicians who tried to stack the odds in their favor. And we won on issues like abortion, paid leave, and raising the minimum wage—issues politicians have failed to advance for their constituents for decades."
"We're not stopping. In fact, we're going on offense," Hall added. "The power of ballot measures is that the American people don't have to wait—they can make change themselves. And we intend to support them with everything we have."
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