Poll Shows Cannabis Business Leaders Pessimistic on Rescheduling Timing

It is a bit of a mixed bag for the cannabis industry according to a new survey from Shield Compliance. While a staggering 97% of marijuana business owners agree that federal rescheduling is vital for their survival, most are pretty skeptical it will actually happen this year. On a scale of confidence, the average score was a lowly 34. Despite the high stakes, many operators are surprisingly happy with their current banks, though there is a growing hunger for better payment tech and easier access to credit.

For the average toker, this matters because the financial health of your favorite local shop determines its ability to stay open and keep prices fair. Federal rescheduling would mean these businesses finally get relief from crushing tax codes, allowing them to reinvest in better products and facilities. While the "suits" in DC drag their feet on the SAFER Banking Act, seeing the industry demand more innovation is a positive sign. It shows that even with federal hurdles, our community is pushing for the professional infrastructure it deserves.