In this episode of Cannabis Unlocked, Mara Sheldon (Senior Policy Advisor at Squire Patton Boggs) sits down with Tiby Erdely (Founding Partner at KEY Investment Partners) to discuss political hurdles and opportunities facing the cannabis space in light of recent political wins. This conversation begins with Mara's background and her perspectives on the current state of cannabis policy following Biden's recent announcements including the potential rescheduling of cannabis and the pardoning of thousands of low level federal cannabis convictions. From there, Mara speaks to the various levels of federal drug scheduling, and how 280E, a tax law that only applies to federally illicit businesses like cannabis, could change after the rescheduling of cannabis. The talk continues as the pair discuss opportunities that the Safe Banking and CLIMB acts open up for the cannabis industry, and how this could fuel rapid growth for the industry by dropping the cost of capital. This episode concludes with Mara's predictions on the future of cannabis and steps ahead that could lead to eventual federal legalization.  Please enjoy!