President Joe Biden has reportedly fired five White House staffers over their past use of marijuana.
The cannabis industry rejoiced when President Joe Biden was elected alongside Vice President Kamala Harris, as both members had expressed some level of tolerance toward cannabis legalization or decriminalization. And, with the recent Democrat majority gained in the Senate, things were looking good for the U.S. cannabis industry.
However, we had our reservations at The Green Fund, given Kamala Harris's history of criminalizing people for their cannabis use, as was highlighted by Tulsi Gabbard amid the 2019 presidential debates.
Moreover, Biden was never on board with cannabis legalization and questioned whether cannabis was a "gateway drug" during his presidential bid. He later softened his views and proposed cannabis decriminalization, prompting Harris to walk back her pro-pot views and align with the President.
Nonetheless, it looked as though the U.S. was in the prime position to at least federally decriminalize cannabis, which would still be a massive step forward for the industry. As such, pot stocks climbed once Biden had won the presidency, and the industry held their hopes high for the future.
Now, news has emerged that the Biden administration has in fact fired staffers over their previous cannabis use, with the White House director of management and administration Anne Filipic asking several staffers that had admitted to past marijuana use to resign.
This is despite the fact that some of the fired staffers live in states where cannabis is legal for recreational use, suggesting that the Biden Administration isn't as pro-weed as the industry once thought.
Needless to say, the cannabis industry has been discouraged by these recent events, particularly given that Kamala Harris has admitted to having smoked weed previously, jokingly admitting that she "did inhale."
The Biden Administration is still in its early months, however, the firings may indicate that the cannabis industry can't be as bullish toward Biden as it had hoped.
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