Marijuana business leaders are not optimistic that federal rescheduling will happen this year—though 97 percent said the reform and the resulting federal tax relief are “important” to their “long-term viability”—according to a new poll.
Shield Compliance, which provides compliance management solutions for banks serving the legal cannabis industry, released the results of its 2025 Financial Services Survey on Wednesday, highlighting the “banking experiences and priorities” of state-licensed marijuana businesses.
Notably, the poll asked about the pending federal marijuana reclassification proposal to move marijuana from Schedule I to Schedule III of the Controlled Substances Act (CSA) that President Donald Trump recently said his administration will decide on imminently.
When asked to rate the prospects that rescheduling would be achieved this year on a scale from 0 to 100, the average response was just 34.
That’s in spite of the fact that the vast majority of respondents (about 97 percent) said that rescheduling—and the resulting federal tax relief—say the reforms are “important” to the “long-term viability” of their businesses.
That includes 61 percent who described them as “extremely important.”
The survey also showed that, while many marijuana businesses have struggled to access financial services under federal prohibition, most of those that have are evidently satisfied with their current providers, with more than 80 percent reporting satisfaction with their customer service and over 70 percent saying they’re content with compliance requirements.
Marijuana business leaders are not optimistic that federal rescheduling will happen this year—though 97 percent said the reform and the resulting federal tax relief are “important” to their “long-term viability”—according to a new poll.
Shield Compliance, which provides compliance management solutions for banks serving the legal cannabis industry, released the results of its 2025 Financial Services Survey on Wednesday, highlighting the “banking experiences and priorities” of state-licensed marijuana businesses.
Notably, the poll asked about the pending federal marijuana reclassification proposal to move marijuana from Schedule I to Schedule III of the Controlled Substances Act (CSA) that President Donald Trump recently said his administration will decide on imminently.
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When asked to rate the prospects that rescheduling would be achieved this year on a scale from 0 to 100, the average response was just 34.
That’s in spite of the fact that the vast majority of respondents (about 97 percent) said that rescheduling—and the resulting federal tax relief—say the reforms are “important” to the “long-term viability” of their businesses.
That includes 61 percent who described them as “extremely important.”
The survey also showed that, while many marijuana businesses have struggled to access financial services under federal prohibition, most of those that have are evidently satisfied with their current providers, with more than 80 percent reporting satisfaction with their customer service and over 70 percent saying they’re content with compliance requirements.
Through there is that level of satisfaction, the poll, which had 142 respondents, also found that more than 60 percent of cannabis operators are eager for innovation around payment solutions. And almost 30 percent said they’re considering switching financial institutions next year to obtain access to credit.
Read more at Marijuana Moment
