Previously in this series, we discussed that Senator Cory Booker, who just announced his 2020 presidential bid, favors legalizing marijuana. Senator Kamala Harris, who also announced her 2020 presidential bid, supports legalizing marijuana at a federal level. In her tweet showing support for Senator Booker’s Marijuana Justice Act to legalize marijuana at a federal level, she said that it was a “smart thing to do.” To learn more, read Why Senator Schumer Is Pleased with Canopy Growth.
In December, in Top Ten Developments to Watch in the Cannabis Sector in 2019, we discussed “political messaging” as one of the top ten developments to watch in 2019. With more people in favor of legalizing marijuana joining the US presidential race, inserting marijuana as a campaign promise might become a key point. Canadian Prime Minister Justin Trudeau promised to legalize marijuana in his campaign.
The US could be a big market for Canadian companies including Aphria (APHA), CannTrust (CNTTF), Tilray (TLRY), and Canopy Growth (WEED). The companies have shown interest or acquired companies, licenses, or some form of formal entry into the US. Getting started well before the US legalizes marijuana at a federal level will be important for these companies (MJ) to stay ahead.
Next, we’ll discuss why the World Health Organization favors reclassifying marijuana.