Jason Little, Lead of The Cannabis Practice Team at Farrell Fritz, returns to discuss the recent federal appeals court ruling that New York State's cannabis licensing criteria, which excluded individuals with federal or out-of-state cannabis convictions from receiving priority, were likely unconstitutional.

They also discussed how tariffs impact the cannabis industry and how potential federal tax relief from an end to IRS code 280E could offset increased costs from tariffs. Additionally, they considered the less discussed benefit of declassification: the increased ability for research and development dollars to flow into the cannabis market.