Rescheduling and Next States to Legalize: 7 Marijuana Predictions for 2024

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In 2024, expect federal rescheduling of marijuana, new states legalizing it, increased medical use, social equity focus, and innovation.

As we step into 2024, the landscape of marijuana legalization in the United States continues to evolve. With several states having already legalized cannabis for medical or recreational use, the momentum is expected to grow.

1. Federal Rescheduling of Marijuana

A pivotal development to anticipate in 2024 is the potential federal rescheduling of marijuana. Presently classified as a Schedule I substance, cannabis is in the same category as heroin and LSD, which significantly hampers research and legal usage. There’s a growing bipartisan consensus that this classification is outdated, especially given the mounting evidence of marijuana’s medical benefits. A rescheduling to a lower category could dramatically change the game, opening up research opportunities, easing banking and business restrictions, and setting the stage for a more comprehensive national policy on marijuana use.

2. Expansion of Medical Marijuana Programs

In 2024, we can expect an expansion of medical marijuana programs in states where it’s already legal. These states are likely to add more qualifying conditions and increase the number of licensed dispensaries. This expansion is not just a reflection of growing acceptance but also an acknowledgment of the plant’s therapeutic potential in treating various conditions like chronic pain, epilepsy, and the side effects of chemotherapy.

3. New States Joining the Legalization Movement

Several states are on the cusp of legalizing marijuana, either for medical or recreational use. States like Idaho, Kansas, and Nebraska, which have been resistant to legalization, might start to pivot, particularly driven by the economic incentives observed in neighboring states. Additionally, states like North Carolina and Wisconsin, which have flirtative marijuana policies, might take concrete steps towards legalization.

4. Increased Focus on Social Equity

There’s an increasing recognition that marijuana legalization must address past injustices. In 2024, we expect to see more states incorporating social equity programs in their legalization efforts. These programs aim to ensure that communities disproportionately affected by previous marijuana laws have a fair chance to participate in the burgeoning cannabis industry. This might include prioritizing licensing for minority-owned businesses or investing in communities adversely impacted by the war on drugs.

5. Greater Federal Involvement in Cannabis Research

If marijuana is rescheduled federally, 2024 could see a significant increase in cannabis-related research. This would lead to a better understanding of its medicinal properties, potential risks, and the development of standardized dosing and regulation. Such research could also pave the way for FDA-approved cannabis-based medications.

6. Innovations in Cannabis Products and Consumption Methods

The cannabis industry is known for its innovation, and 2024 will likely bring new products and consumption methods. As the market grows, companies will continue to develop unique products, focusing on health-conscious consumption methods like edibles, topicals, and vaporizers. This innovation will not only attract a broader range of consumers but also address concerns related to the health impacts of smoking.

7. Normalization and Mainstream Acceptance

Finally, as more states legalize marijuana and the industry continues to grow, we anticipate a greater normalization and mainstream acceptance of cannabis. This will be reflected in advertising, the presence of cannabis products in everyday retail environments, and an overall reduction in the stigma associated with marijuana use.