Now that President Joe Biden has been sworn in and Democrats have taken control of Congress, many cannabis industry executives might expect some reform of federal marijuana policy within the next two years – and perhaps even full legalization.
The key question is how far Congress and the new Biden administration will go.
The industry’s current optimism is well-founded.
As a senator, Vice President Kamala Harris was a prime sponsor of the MORE Act, which would remove marijuana from the Controlled Substances Act. The House passed its version of that bill in December.