Saturday, May 30, 2026
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO NA Magazine > News > Biden’s Move to Pardon Cannabis Convictions Boosts Potential for Marijuana Companies 

Biden’s Move to Pardon Cannabis Convictions Boosts Potential for Marijuana Companies 

in News
Biden’s Move to Pardon Cannabis Convictions Boosts Potential for Marijuana Companies 
Share on LinkedinShare on WhatsApp

President Biden announced last Thursday that he would be pardoning all those convicted for simple marijuana possession at the federal level, as part of a move to overhaul federal marijuana laws in the U.S. 

Biden had previously campaigned on decriminalization but had not addressed the matter in his presidency until now. He stated in a tweet, “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. Allow me to lay them out.”

He explained his plans for the overhaul, “First: I’m pardoning all prior federal offenses of simple marijuana possession. There are thousands of people who were previously convicted of simple possession who may be denied employment, housing, or educational opportunities as a result. My pardon will remove this burden.”

“Second: I’m calling on governors to pardon simple state marijuana possession offenses. Just as no one should be in a federal prison solely for possessing marijuana, no one should be in a local jail or state prison for that reason, either.”

“Third: We classify marijuana at the same level as heroin – and more serious than fentanyl. It makes no sense. I’m asking @SecBecerra and the Attorney General to initiate the process of reviewing how marijuana is scheduled under federal law.”

The New York Times reported that the pardons will apply to around 6,500 people convicted between 1992 and 2021 under federal law, as well as thousands more under the DC code. Although this is just a fraction of the total number of convictions – with marijuana arrests totalling 8.2 million between 2001 and 2010. Although the number of people pardoned could increase significantly if state governors respond to Biden’s plea. 

Cannabis is currently legal in 37 states, but not at the federal level. Previous plans for the federal legalization of marijuana were halted due to the complexities of adopting banking, regulation, and criminal justice reform to support the move, despite the plan being widely supported by both political parties.

The new review of marijuana scheduling could eventually lead to a change in federal policy and even to legalization, opening significant business opportunities for the legal cultivation of marijuana and its use in a multitude of products. Although this is still likely a long way off. 

Tags: BidenLegalizationmarijuana

Related Posts

Costco sells ‘record volumes’ of gas despite rising fuel prices
News

Costco sells ‘record volumes’ of gas despite rising fuel prices

U.S. fuel prices hit $4 a gallon
News

U.S.-Iran ceasefire talks cause oil prices to drop 20% from 2026 peak

Dell shares jump 11% on strong earnings and forecast
News

Dell shares surge 40% on AI demand

FTC sues to stop Albertsons, Kroger merger
News

The Commerce Department reports that core inflation is rising while GDP declines

Snowflake shares jump 36% on earnings win
News

Snowflake shares jump 36% on earnings win

The shift from oil isn’t just about being ‘green’ anymore. It’s a massive power move for national security.
News

Oil prices fall 4% following Rubio address

Abercrombie’s earnings win sends shares up 13% 
News

Abercrombie’s earnings win sends shares up 13% 

Lululemon stock falls after holiday guidance
News

Lululemon settles lengthy proxy battle with founder Chip Wilson

Qualcomm to ax 1200 California staffers
News

Qualcomm and TikTok owner agree on chip deal

International Energy Agency says Iran war has caused historic oil market disruption
News

Brent jumps 4% as US strikes Iran

No Result
View All Result

Recent Posts

  • Costco sells ‘record volumes’ of gas despite rising fuel prices
  • U.S.-Iran ceasefire talks cause oil prices to drop 20% from 2026 peak
  • Dell shares surge 40% on AI demand
  • Five good ways to spend your rest days
  • Summer air travel could be rough. Here’s how travelers can prepare.

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2026 JNews - Premium WordPress news & magazine theme by Jegtheme.