Prospects for major federal marijuana reform are poised to take a big step forward now that Democrats have won control of the U.S. Senate.
In the closely watched Georgia Senate runoffs, Democrat Raphael Warnock was declared the victor early Wednesday in his race against Republican Kelly Loeffler.
Hours later, Democrat Jon Ossoff was deemed the victor by multiple news organization in a closely fought race against Republican David Perdue.
The dual Democratic victories give the Democrats 50 seats in the upper chamber, with Vice President-elect Kamala Harris holding the tiebreaking vote.
Shares of cannabis companies surged in response to the news, with investors betting that official Washington will be more inclined to approve policies and legislation that would make it easier for marijuana companies to do business across the United States.
