Weed stocks surge as Kamala Harris vows to decriminalize pot in debate

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U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration.

Even though many U.S. states have legalized marijuana use, banks and other traditional financial institutions have so far largely refused to work with the industry as cannabis is still a classified substance at the federal level.

“Access to safe banking will transform the industry, freeing up capital markets for investment and reducing the risk of operating a cannabis business,” said Keith Cich, co-founder of cannabis-related products manufacturer Sunderstorm Inc. Regulatory issues have also restricted cash availability for companies in the nascent sector at a time when they are struggling with a lack of profitability due to high costs.

"From a business perspective, will level the playing field by allowing companies to expense normal operational costs instead of being taxed on gross profit," said Sam Armenia, vice president at producer C21 Investments IncHarris, who has supported cannabis decriminalization even before Biden picked her as his running mate, is the lead sponsor of the Marijuana Opportunity, Reinvestment and Expungement Act of 2019, which sought to end federal prohibition of marijuana.

 

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It’s sure a growth industry in Canada. Lots of stores opening, job vacancies all over the place, increased tax revenue. No apparent increase in crime. No more foolish arrests and criminal records.

Someone break out the Tulsi burn from the Democratic debates.

So she and joe support the good green new deal then?

r/nottheonion Weed has stocks?

Kamala needs to be drug tested I really don’t agree that it needs to be legalized I think the democrats smoke too much of it because of their weird thinking but I do think only for medicine is ok

Politicians say what they think will make you vote for them. They are liars.

There is no hope in this world with our dope. Go Green and save America!

My stock went up .40%. Tf is that? I’m still down 49% in a year. Medical marijuana has sucked

yep.. thats all we need ! War Disease Joblessness Poverty The best antidote ? - Drugs

Would love to see her investment portfolio

That's ironic.

worked for Trudeau in Canada. However, this is from the very person that had incarcerated many for the same offense, many African-Americans. Who needs principles when you can slide right into being a President of the USA?

Ok. That’s one thing they’ve said this whole election season I can agree with.

That's funny

Duh.

Why do you think China censored Pence’s comments on coronavirus but not Harris’? Get back to me on that....You can surmise that China wants Biden.....hmmmmmmm?

She cackled about smoking weed while falsely claiming to listen to Tupac while she increased the sentencing and crackdown of black and brown men for the same thing

Pandering panderers pander, news at 11

That should be worth at least 15 million votes.

F**K YES! This would be Awesome! You've Got My Vote on this one for sure! Thank You.

What next, heroin, cocaine , assaulting police. The democrats are dangerous.

sooo during the DNC Restoration, uscongress acts will be given to the VP to sign?

MarthaStewart 👆🏻👆🏻👍🏻

Ah yes the woman who locked black folk up for smoking it, sure lol

after putting thousands in jail for doing so? amd then laughing about smoking it on the air?

Not to mention evil hag SpeakerPelosi's 'Covid relief' bill funds marijuana companies (that her son manages.)

She should pardon all those she locked up in Cali for pot related offenses...

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