Legalization at the federal level could come as soon as 2021 if Joe Biden wins the election and Democrats take control of the Senate
Legislation could prove popular under the current climate of economic and social unrest. Regulation that includes provisions for criminal justice reform could gain additional support amid calls for greater anti-racism initiatives. States looking to close budget gaps from the coronavirus are also more likely to consider the tax benefits of creating a newly legalized industry.
“This likely includes provisions ensuring that minorities get to participate in the legal cannabis business as their communities were hit hardest by the war on drugs,” the analysts said. Legislation could also include expunging criminal cannabis convictions or grants to communities hurt by previous U.S. drug policy.
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