It’s been an eventful week for the marijuana industry. After years of false starts, New York legalized the use of recreational marijuana on March 31—hours later, New Mexico legislators passed a bill to do the same. Meanwhile, Mexico is expected to follow Canada’s lead and legalize marijuana later this month, becoming the biggest marijuana market in the world. Amid growing public support, momentum at the state level, and the shift of power in Washington, many are asking: Is marijuana legalization at the federal level on the horizon in the United States? This alert provides an overview of the current legal landscape governing marijuana regulation and assess potential reform efforts.
