Investors pile into cannabis stocks after Biden announces federal pardons for marijuana possession | Businessinsider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Investors piled into cannabis stocks after President Joe Biden announced federal pardons for simple marijuana possession on Thursday.

"As I've said before, no one should be in jail just for using or possessing marijuana. Today, I'm taking steps to end our failed approach,"Those steps include federal pardons for thousands of people who have been federally convicted of cannabis possession. The move is expected to impact more than 6,500 people. Additionally, Biden called on all governors to follow his lead and pardon simple marijuana possession offences at the state level.

Finally, Biden called on the Attorney General and Secretary of the Department of Health and Human Services to initiate a review that would remove cannabis as a Schedule I drug."We classify at the same level as heroin – and more serious than fentanyl. It makes no sense," Biden said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BISouthAfrica 😂🤣😂🤣🤣 they were doing it privately

Including Pelosi speaker of the house who bought into stocks 4 days before the announcement. Just saying

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Finance: Global markets: Asian stocks retreat on global recession angst; dollar firmAsian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.
Source: dailymaverick - 🏆 3. / 84 Read more »