By Wayne Duggan, Benzinga on April 3, 2023
Cannabis stocks have struggled in the market in recent years as the industry push to gain ground on the regulatory front hasn’t progressed as quickly as investors had hoped.
U.S. President Joe Biden hasn’t followed through on his campaign promise to decriminalize cannabis on a national level, but Biden could return to the cannabis issue once again in the run-up to the 2024 elections.
Limited Progress: On the campaign trail in 2021, Biden promised to decriminalize cannabis on a federal level, release Americans held in federal prison over nonviolent marijuana offenses and reschedule marijuana under the Controlled Substance Act. Up to this point, Biden has not fulfilled any of those three cannabis reform pledges.
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