What does the future hold for the cannabis industry in legislative terms?

“We've made tremendous progress and I like to say we're getting closer and closer,” U.S. Rep. David Joyce, an Ohio Republican, said Tuesday at the Benzinga Cannabis Capital Conference in Chicago.

As co-chair of the Congressional Cannabis Caucus, Joyce is fighting for federal cannabis reform. Joyce’s efforts were honored this year with the Benzinga Cannabis Friend of the Industry Award

‘Losing The War On Drugs'

What drew Joyce to the marijuana industry and legislation fight was his experience working as a prosecutor, he said, adding that he quickly realized “we were losing the war on drugs.”

“Here we have now 47 states and districts where you actually have cannabis legal in some way, shape, or form. Yet, federally, we're still treating it as though it was fentanyl, or even worse, you know, opium. And, so we need to change,” Joyce told Brady Cobb, founder and CEO of Sunburn Cannabis, at the conference. 

According to Joyce, states should be allowed to do the things they are doing …

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