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Cannabis CEOs Greet Harris’ Legalization Plans With Cautious Optimism

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In a bid to win the votes of Black men, VP Kamala Harris, the Democratic presidential candidate is promising federal legalization for cannabis.
In a bid to win the support of Black men, an electorate reportedly on the fence for voting for her, Vice President Kamala Harris, the Democratic presidential candidate, is promising federal legalization for cannabis.
If elected, Harris plans to “break down unjust legal barriers that hold Black men and other Americans back by legalizing marijuana nationally, working with Congress to ensure that the safe cultivation, distribution, and possession of recreational marijuana is the law of the land », the campaign announced in a public statement.
This would be a step forward from the Biden administration’s current stance on cannabis, which includes pardoning people convicted of marijuana possession and possibly reclassifying the plant from a Schedule 1 to Schedule 3 designation.
In addition to the cannabis proposal, Harris’ plan calls for 1 million fully forgivable loans of up to $20,000 to Black entrepreneurs, according to the campaign.
Harris’ pledge of offering full legal access to cannabis has elicited mostly positive reactions from cannabis leaders.
Gibran Washington, CEO of multistate operator Ethos Cannabis, hailed the Harris plan as a « landmark shift that will catalyze both industry growth and scientific advancement.

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