Tuesday, September 22, 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

Bitcoin makes a resurgence, nudging above $71,000
News

Bitcoin hits highest level since January

Dollar remains strong ahead of G20 finance and central bank meeting
News

Bessent proposes US-China AI safety notifications

Labor Day gas prices hit record levels
News

Global diesel shortage to continue into 2027

At Nestlé, the supply chain mission hasn’t changed—but the world has
News

Nestle considers options following Putin’s asset crackdown

Hyundai joins Trump to announce $20 billion U.S. investment
News

Hyundai Motor CEO warns of insufficient guardrails amid Chinese vehicle surge

Warren Buffett makes further plans to donate his fortune
News

Warren Buffett steps down as Berkshire Hathaway Chair

Applied Materials to invest $5 billion in India
News

Applied Materials to invest $5 billion in India

News

Trump calls EU proposal for Canada ‘laughable’

Amazon CEO’s annual letter expresses excitement about AI
News

Amazon gains right to buy Generac stock, sending shares up 40%

AI poised to pass human tests in 5 years, CEO says
News

Top tech CEOs address AI safety during Dreamforce conference

No Result
View All Result

Recent Posts

  • To Spot AI Fakes, a Little Training Goes a Long Way
  • How Campbell’s is investing in leadership—and driving growth and innovation along the way
  • Bitcoin hits highest level since January
  • Bessent proposes US-China AI safety notifications
  • Global diesel shortage to continue into 2027

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 2125 9933 0330

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 2125 9933 0330

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.