Biden Wins! What That Mean For The Cannabis Industry

Biden’s current proposal aims to undo some of the previous social inequities caused by the War on Drugs by removing use and possession as a criminal offense at the federal level. This would be done by moving marijuana from a Schedule I to Schedule II substance. Take note that Biden’s current proposal to decriminalize marijuana at the federal level is not the same as legalizing the drug. It would remain a controlled substance at the federal level.

 

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