Bernie Sanders and Marijuana
Where Presidential Candidate Bernie Sanders Stands on Marijuana
How Bernie Sanders Would Legalize Marijuana
The Bernie Sanders plan to legalize marijuana in every state relies on his ability to change the playing field through executive action. The power of the Presidency to put Congress on the back foot has certainly been exhibited by both President Obama and President Trump over the past decade, though this may be one of the boldest executive orders yet conceived. Bernie Sanders initially opposed the 1991 Violent Crime Control and Law Enforcement Act, and spoke out against (but eventually voted for) the 1994 Crime Bill that fed the mass incarceration of nonviolent drug offenders, many of whom were arrested for crimes relating to marijuana. He was of the opinion that it was cruel to concentrate on penalizing poor communities for turning to crime in the absence of other opportunities, instead of passing legislation to ease their burdens and lift them out of poverty.
It follows from this, then, that his legalization plans also include the intention of reviewing both federal and state convictions for marijuana-related crime. With the tax yield from marijuana and associated products, the Sanders administration would reinvest in communities hit hardest by the War on Drugs, supporting entrepreneurs of color, offering apprenticeship programs related to marijuana businesses, and providing business grants for companies majority owned or controlled by those in disproportionately-impacted areas, or individuals arrested for or convicted of marijuana offenses.
What Would This Mean for the Marijuana Industry?
Public Support for Lifting Marijuana Prohibition
OF SPECIAL NOTE
Statements, estimates and forecasts are subject to significant legal, business, economic, and competitive uncertainties, including competition, limited access to bank services, litigation, enforcement actions, and the receipt of government authorizations. This includes differences in, among other things, laws, regulations and guidelines relating to the manufacture, transportation, and storage of cannabis, and the conduct of operations, which vary among the U.S. federal government, various states, and foreign jurisdictions. There can no assurance that such estimates and/or forecasts will be realized, and these are not indicative of future investment performance. Historical data is not indicative of future performance.