Few lawmakers on Capitol Hill have taken a more pro-cannabis stance than Gaetz, and his selection has left the weed industry feeling like it’s Christmas morning.
“He’s very vocal on this issue, and he’s on our side,” said Boris Jordan, CEO of Curaleaf, the largest cannabis company in America. “Sometimes it takes an unpleasant person to get something radical done.”
More than half of Americans live in a state where recreational cannabis is legal, but the industry is hampered by the lack of federal legalization and regulations. Companies face challenges accessing banking services, high federal tax rates and a ban on interstate commerce, some of which the DOJ has the power to address.
The Biden administration began a process two years ago to lessen federal restrictions on marijuana, and the Trump administration will either shepherd it over the finish line or derail it. [Read More @ Politico]
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