The cannabis sector is a fascinating topic. It’s new, its legal status is shifting as society pushes the state legislatures, and that combination is creating opportunities for companies and investors alike. Which brings us to the disparate policy potentials of the major heading into the November election.
To start with, the Republican platform simply does not prioritize cannabis legalization. The substance in illegal now, and Rs are not likely to change that any time soon. But – the Trump Administration has not been taking explicit anti-cannabis actions, and has allowed states which have legalized the drug, whether for medial or recreational use, to enact their own various policies. But it’s clear that Federal-level legalization is not a priority for a Republican Congress or Administration.
The Democrats take a different tack. Their party platform does call for three specific changes to the Federal government stance on cannabis: first, full legalization for medical use; second, remove of the drug from the list of Schedule 1 illegal narcotics; and finally, explicit support for individual states to set their own cannabis policy with Justice Department interference.
As a result of these policy differences, a Democratic election victory should be viewed as bullish for the