Core Insights - The cannabis industry is transitioning towards a phase where identity is becoming more significant than narrative as federal oversight begins to take shape [1] - The industry is moving away from a fragmented state system towards a more unified regulatory framework that resembles other regulated categories [1] Industry Overview - Federal oversight is expected to streamline the cannabis industry, reducing the complexity of the current patchwork of state regulations [1] - This shift may lead to increased legitimacy and stability within the cannabis market as it aligns more closely with established regulatory frameworks [1]