The marijuana industry is feeling a moment of relief due to the fact that Joe Biden has made the decision to run for President. The current Vice President’s position on legalizing marijuana is much more conservative than Bernie Sander’s or Hillary Clinton’s.
“If Biden had been elected President, he would most likely have increased enforcement of Federal Anti-Cannabis Laws,” stated Eddie Miller, CEO of Green Rush. “The industry will undoubtedly support Clinton, who took a very neutral stance and Bernie Sanders who seems to be the ‘Cannabis Candidate.’ The industry has also donated to Rand Paul, a libertarian Republican.”
During the recent Democratic debate, Sanders was faced with the question about if he would vote yes for recreational marijuana. His response was, “I suspect I would vote yes.” He continued on to explain that the unfair criminal system was the catalyst for why he would vote yes. Sanders stated, “This war on drugs has done a tremendous amount of damage.”
Clinton continues to stand firmly undecided. She has stated she is for the progression of medical marijuana, however, she is going to remain patient and see with regards to recreational marijuana.
Biden strongly opposes legalization. Back in 2010 he told ABC, “There’s a difference between sending someone to jail for a few ounces and legalizing it. The punishment should fit the crime.
But I think legalization is a mistake. I still believe it’s a gateway drug. I’ve spent a lot of my life as chairman of the Judiciary Committee dealing with this. I think it would be a mistake to legalize.” To be fair, a lot has happened since 2010, so it’s possible he may have softened his position.
Kris Krane, Managing Partner of 4Front Ventures stated, “ It is true Joe Biden has been unfriendly to cannabis reform for most of his career, so there was cause for concern about a potential Biden presidency. However, there was also reason to believe he wouldn’t be as bad as some of the more hardcore prohibitionist candidates like Chris Christie. As Vice President, this administration has allowed states to implement marijuana legalization without federal interference.”
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
