Is there any catalyst that makes the Biden administration jump up and legalize cannabis in 2022? Not really.  Except for a major drug company coming out and saying cannabis is very effective in fighting some version of COVID or helping in COVID symptoms, there just isn’t any incentive in 2022 for President Biden to jump through hoops to make sure marijuana gets legalized at the Federal level. What about tax revenue? Interesting but he had a COVID wave for 18 months and has been in office for over 300 days, if tax revenue was a burning issue, it would have shown itself in the public arena already at the Federal level.

Regardless of what anyone thinks, the absence of federal reforms is putting a massive strain on the cannabis industry across the country. Majorly because of the lack of better policies, cannabis stocks are still not worth what they should be. This year, the stocks skyrocketed due to various states' introducing their unique reforms. However, this does not excuse the need for a general overhaul that affects the country.