Kamala Harris Reiterates Support for Cannabis Legalization, But Industry Leaders Remain Skeptical
In a recent interview, Vice President Kamala Harris reiterated her stance on cannabis legalization, stating that it’s time to “stop criminalizing this behavior” and instead, focus on taxation and regulation. However, industry leaders are not convinced that her administration would follow through on these promises.
Harris’s comments come as no surprise, given her previous advocacy for cannabis reform during her 2020 presidential campaign. Despite her efforts, progress has been slow, and many are questioning her commitment to the cause.
The Biden administration has taken steps to ease restrictions on cannabis, including a proposal to reclassify it from Schedule I to Schedule III, which would allow for more research and medical use. However, the process has been delayed, and the industry is still waiting for tangible results.
Industry leaders are calling for more concrete plans and actions from Harris and other politicians who claim to support cannabis legalization. “We need real action, not just rhetoric,” said Jason Wild, executive chairman of TerrAscend, a cannabis company with operations in the US.
The cannabis industry is also wary of former President Donald Trump’s sudden support for legalization, citing his lack of action during his presidency. Despite this, some investors see bipartisan support as a positive sign for the industry’s future.
As the debate continues, one thing is clear: the cannabis industry is eager for real reform and tangible results, rather than just empty promises from politicians.
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