President Biden announced his run for second term with Vice President Kamala Harris yesterday and it was definitely new for the cannabis industry. Reaction is defiantly mixed on social media with still a small ray of hope he will move cannabis legalization forward.
There has been constant rumors for the last year of rescheduling, presidential acts and public support of SAFE banking…and yet nothing significant to help the businesses that help people consume. And with nothing to strategically end the black market.
“If Biden is re-elected, I expect his administration will continue the do-nothing neutral impact on cannabis companies in the United States, which is less than the industry needs today. This will only feed the black market and harm small businesses”, Kyle Shenfeld, President Rainbow RG, one of the leading real estate financiers in the cannabis industry.
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