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"2024 Forecast: Marijuana Reform Momentum and Market Predictions"

Rep. Earl Blumenauer (D-OR) released a memo highlighting the progress made in federal marijuana reform and the potential for a "productive year" in 2024. He urged President Biden to further embrace cannabis reform ahead of the election, citing bipartisan achievements in Congress, such as the passage of a marijuana banking bill and measures to improve veterans' access to medical cannabis. Blumenauer, retiring at the end of his term, emphasized the bipartisan support for cannabis policy and noted state-level legalization successes. The memo also mentioned ongoing federal reviews of marijuana scheduling and the push for the Biden administration to support ending federal prohibition.