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 cannabis continues.
The Biden administration has been mostly silent on the topic of federal cannabis legalization, offering neither support nor opposition to the bill which passed the House of Representatives earlier this month.
“The Democrats, to be honest, have been a huge disappointment to the industry,” Curaleaf 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.”
Despite setbacks, Jordan noted, the cannabis industry has a bright future powered by strengthening demand. “The industry is very strong,” Jordan said. “And we're seeing very robust growth across the board in the United States, now in Europe, in Latin America, and even in Asia. And so, I think the cannabis tradition that was outlawed in 1936 in the United States and in other countries around the world is making a very, very strong comeback. And it's hitting the mainstream across many, many continents, as well as many countries.”
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