Does Federal Legalization Begin on 4/20?

Senate Majority Leader Chuck Schumer’s home state of New York legalized cannabis use for adults, after years of failed efforts. More than 40% of Americans now live in states that have embraced full legalization.

President Joe Biden has been a conspicuous outlier among Democrats when it comes to supporting marijuana legalization. But Schumer said Biden’s reticence won’t deter the Senate from taking aggressive action to loosen federal restrictions.

Schumer pointed to the decade-long experiment with state legalization as evidence that the worst fears of what would happen were overblown. “The legalization of states worked out remarkably well,“ he said. “They were a great success. The parade of horribles never came about, and people got more freedom.“

Show Notes: US marijuana legalization advocates in ‘waiting game’ on Schumer bill https://mjbizdaily.com/us-marijuana-legalization-advocates-in-waiting-game-on-schumer-bill/ Schumer: Senate will act on marijuana legalization with or without Biden https://www.politico.com/news/2021/04/03/schumer-senate-marijuana-legalization-478963

Guest: Katrina Glogowski, Seattle Attorney & Angel Investor https://www.linkedin.com/in/katrina-glogowski-711a985/

Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/

Episode 699 of The Talking Hedge: Your Cannabis Business Podcast. ​Covering cannabis products, reviews, business news, interviews, investments, events, and more. https://www.theTalkingHedgepodcast.com

Music Info: Song: Beat | Keep On | 2020 Artist: Milochromatic Beats & Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018 Artist: LuxrayBeats

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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.