Although more than 30 states have legalized cannabis in various forms over the past decade, federal law still classifies cannabis as a controlled substance. With the House, Senate and White House in the Democratic Party’s hands, however, federal cannabis legislation has never had a greater chance of becoming law as it does right now. Unfortunately, President Joe Biden is staunchly against allowing adult-use cannabis, although he does support modest cannabis reform, including medical cannabis and expunging records of prior cannabis related offenses.
But according to Senate Majority Leader Chuck Schumer, Biden’s views on the matter won’t hold him back, and consequently, the Senate will move forward with federal marijuana legislation whether or not the president is on board. For a while now, Schumer has been an outspoken advocate of cannabis reform, first introducing a bill to legalize cannabis back in April 2018. Schumer, whose home state New York recently legalized recreational marijuana, has said he supports federal legalization and that he will soon introduce…
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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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