Marijuana: Democrats have been a 'huge disappointment to the industry,' Curaleaf exec says

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Marijuana: Democrats have been a ‘huge disappointment to the industry,’ Curaleaf exec says
Yahoo Finance
Ihsaan Fanusie
April 21, 2022, 1:03 PM
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With 4/20 in the rearview mirror for the cannabis industry, some companies are still looking for reasons to celebrate as the fight to legalize marijuana continues.

The Biden administration has been mostly silent on the topic of federal marijuana legalization, offering neither support nor opposition to the bill which passed the House of Representatives earlier this month.

The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, if signed into law, would remove marijuana from the list of scheduled substances under the Controlled Substances Act and abolish the associated criminal penalties. The bill passed the House primarily by party lines and, receiving no support from the president, has yet to be introduced to the Senate.

“The Democrats, to be honest, have been a huge disappointment to the industry,” Curaleaf (CURLF) Executive Chairman Boris Jordan told Yahoo Finance Live in a recent segment. “We all came in after the election of President Biden, thinking that we were going to get real activity in the area of legislation, and we've gotten absolutely nothing. And I think that's the real problem.”

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