1. We meet. The plan increases trademark protection by declassifying marijuana.
Stephanie Geiger-Oneto 20, Associate Professor of Marketing at the University of Wyoming College of Business; Robert Sprague, Professor of Legal Studies in Business, University of Wyoming College of Business, Winter 2020, “Cannabis Regulatory Confusion and Its Impact on Consumer Adoption,” American Business Law Journal, 57(4), pp. 749-750, Lexis, kav
In addition to the CSA, other federal laws prohibit illegal activities, particularly those associated with illicit drug distribution, from relying on the services and protections that are routinely available to businesses such as banking, tax relief, and trademark protection. Because of marijuana's Schedule I classification under the CSA, these services and benefits remain largely unavailable to marijuana-related businesses. For example, marijuana producers and sellers in states where personal use became legal quickly found that they were denied banking services because the banks feared money laundering prosecution under federal [*750] law. 100 Today, an estimated seventy percent of legal marijuana businesses do not have a bank account. 101 Even if the federal government was disinclined to prosecute banks for dealing with state-legal marijuana businesses, 102 those business's assets would still be subject to forfeiture under the CSA. 103