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Burn One ☝️ For Bernie.
The Senator and Democratic Contender said, “On my first day in office, through executive order, we will legalize marijuana in every state in this country.”
Marijuana legalization hasn’t proved much of a differentiator among the Democratic presidential candidates vying in today’s Iowa caucuses. With a couple of exceptions, the leading contenders would all roll back the federal prohibitions that keep multistate operators like Curaleaf Holdings (ticker: CURA.Canada), Green Thumb Industries (GTII.Canada) and Trulieve Cannabis (TRUL.Canada) from U.S. stock listings—even though they sell pot only where it is legal under state law.
On Saturday, Sen. Bernie Sanders sought to stand out. At a Cedar Rapids rally, he vowed: “On my first day in office, through executive order, we will legalize marijuana in every state in this country.”
Good as that may sound for U.S. pot producers, he reserved a jab for these growing businesses. After promising to expunge the criminal records of those arrested for pot possession, Sanders promised to give industry control to minority communities that disproportionately suffered arrests and incarceration in the war on drugs.
“We will make certain that the legalized marijuana industry is not controlled by a handful of corporations,” said Sanders.
Marijuana’s criminal status under the federal Controlled Substances Act can only be changed by Congress, of course, but members of a Sanders cabinet would get the process rolling. The U.S. also has commitments under international treaties to treat cannabis commerce as illegal.
It is state law that spawned American cannabis companies, No president can directly force faster changes on the states that have yet to legalize medical or recreational sales of the stuff.
Despite these limitations, a federal pot overhaul would greatly ease the lives of multistate operators. Federal financial prohibitions have kept the federally-regulated banking and securities industries from doing business with firms like Curaleaf, Acreage Holdings (ACRG-Y.Canada) or Harvest Health & Recreation (HARV.Canada). That forced the U.S. outfits to Canada for their stock offerings.
Sanders’ latest pledge may not prove much of a distinction from his rivals in Iowa. Every leading Democrat promises to legalize weed, except Biden—who says he would decriminalize it—and Bloomberg—who would let states decide.
Some Democrats wouldn’t stop their changes to drug regulation with marijuana. Andrew Yang and Tom Steyer would decriminalize opioids. Yang would legalize psilocybin mushrooms for veterans. Pete Buttigieg would decriminalize possession of all drugs.
Write to Bill Alpert at william.alpert@barrons.com
Shared Unedited : Inspirational Technologies Background Noise Studios (2020) All Rights Reserved
Is The Death Of Your Dream, A Reawakening?
Pink Sky Moonrise Over Florida December 2019 ALL RIGHTS RESERVEDThis past year has been filled with a full range of emotions. January 1, 2019. From the beginning of this year, the date of the death of my aunt, became the catalyst for my traveling to California and from there began an adventurous ride that continues to today. During this year I have encountered many new and exciting precepts of my upcoming journey. As I reflect on this amazing pathway that I have chosen to be my roadmap to my future, I must first make state that as I am referencing myself in this writing, I cannot fully impress on, those reading this, of how my wife, Janet, has been the impetus of all my motivation and the drive for the direction my company is moving. I give all the glory to God and pray for divine interpretation. Meanwhile, I have been taking time during the past few weeks to focus on the upcoming year 2020. My usual attempts to plan anything have been thrown out the window. I am reinventing my goal setting, reworking my flowcharts and diagrams with the newfound knowledge and true inspiration that I have been soaking up these past 350 days. My newfound peer group is now made up of a multi-talented group of self motivated individuals, who I have drawn my courage from and fearlessness to jump into the preverbal fire. At the end of this year, I encountered another death. This one was a catastrophic nightmare, in not only my mind, but also my company’s growth. However, I have woken up and now realize the opportunities afforded me during my sleep. Now, it is eyes wide open and the exuberance of the new days ahead. I am eternally grateful for the direction my mentors have provided me. 2020 is going to be the year of positive changes for those who live an awakened positive life.
Steven M Smith
CEO FOUNDER INSPIRATIONAL TECHNOLOGIES 2019
Inspirational Technologies is a Company Founded on the Ideals of Inspiring Collective Minds to Foster Health, Wellness and Compassion in our Human Interest of Peace, Love and Tolerance of each other’s human condition. We, the Company, strive to deliver to our consumers inspirational and insightful informational topics relevant to our mission.
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