The incoming administration of President-elect Joe Biden has major ramifications for marijuana businesses – ranging from possible banking access to a less hostile Department of Justice or perhaps new federal memos that make it easier for state-legal MJ companies to operate.
Though federal legalization of some type might be further away – based on the likelihood that Republicans will retain control of the Senate – the Biden-Harris victory brings with it the likelihood that marijuana companies won’t face an adversarial attorney general.
That would stand in contrast to both of President Trump’s attorneys general: current AG William Barr and his successor, Jeff Sessions.
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