Marijuana legalization is a highly divisive topic and even as more and more states move to legalize medical and adult use marijuana, the topic still remains controversial. And although the federal government legalized industrial hemp in December 2018, marijuana is still illegal at the federal level. Although the presumptive Democratic presidential candidate has in the past said that he supports decriminalization, moderate rescheduling, record expungement and medical cannabis legalization, he does not stand behind legalizing adult use cannabis.
However, according to a U.S. Democratic Senator, lawmakers will move very quickly to legalize marijuana regardless of his position if the Democratic Party reclaims the Senate and Congress in November. Sen. Ed Markey was recently on the Young Jurks podcast and he was asked about a variety of issues related to cannabis legalization. He told host Mike Crawford that the democrats are ready to advance marijuana reform as soon as they have a majority in both chambers of Congress.
“From my perspective, this is another issue that’s just right there on the ballot in November. We’ll move very quickly in January to change these laws to make sure that there are national protection put in place. But unfortunately, Trump controls the discretionary use of these personnel, and they’re kind of committed to keeping this crazy non-scientifically based analysis of marijuana front and center,” he said, adding that he and home state colleague Elizabeth Warren are “confronted with this obstinate, obdurate opposition from the Trump administration.”
Host Mike Crawford mentioned that this position is against former vice president Biden’s current stance on adult use legalization, which is that additional research on cannabis is required before he supports broad reform. “We’ll have the majority of the votes in the United States Senate, and I know Senate Minority leader Chuck Schumer has moved in that direction, he’ll be the majority leader,” Markey said in response. “I think we’ll have the votes to just move it, and science has moved there.”
“I think what’s going to happen on so many issues is that Congress is a stimulus response institution, and there’s nothing more stimulating than what’s happening out there, on climate change, on cannabis. And after this election, we need to move on these policies and have our own 1933, our own New Deal.”
Analysts say the marijuana industry, including Sugarmade, Inc. (OTCQB: SGMD), will not think much about the Senator’s pronouncements until they are turned into concrete results.
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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