As Americans head to the polls more divided than ever on social and economic issues, there¡¯s one thing they¡¯re actually coming together on: cannabis.
Much has been made of whether a victory for Democratic nominee Joe Biden, or a potential liberal sweep in the Senate, could bolster marijuana companies. But initiatives on the ballot in a handful of conservative states show Republicans are increasingly on board with legalization as well ¡ª perhaps paving the way for an end to federal prohibition, no matter who controls Washington.
¡°The prevailing wisdom has been that a conservative administration would be less receptive, but I think legalization is now inevitable on its own kinetic energy,¡± said Sturges Karban, chief executive officer of cannabis logistics company ManifestSeven. While federal legalization was a political ¡°third rail¡± as recently as 2016, he said, it now looks as though 2021 will be a turning point for the industry.
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