President Biden X Post Says "I'm making sure no one goes to jail for mere use or possession of marijuana, and their records should be expunged. It's time we right those historic wrongs."
Portfolio Pulse from Benzinga Newsdesk
President Biden announced on X that he is ensuring no one goes to jail for mere use or possession of marijuana and that their records should be expunged. This move aims to address historic wrongs related to marijuana convictions.
July 17, 2024 | 2:22 pm
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POSITIVE IMPACT
Aurora Cannabis (ACB) may see positive momentum as President Biden's announcement on marijuana reform could lead to increased market opportunities and reduced legal risks.
Biden's announcement could lead to a more favorable regulatory environment for cannabis companies like Aurora Cannabis, potentially boosting their market opportunities and reducing legal risks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth (CGC) could see a positive impact from Biden's marijuana reform, potentially leading to increased market opportunities and reduced legal risks.
Biden's announcement could create a more favorable regulatory environment for cannabis companies like Canopy Growth, enhancing their market opportunities and reducing legal risks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cronos Group (CRON) might benefit from Biden's marijuana reform, which could lead to increased market opportunities and reduced legal uncertainties.
The announcement could result in a more favorable regulatory environment, benefiting companies like Cronos Group by expanding market opportunities and reducing legal uncertainties.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ETFMG Alternative Harvest ETF (MJ) could see a positive impact as Biden's marijuana reform may boost the overall cannabis market, benefiting the ETF's holdings.
Biden's announcement could lead to a more favorable regulatory environment for the cannabis industry, potentially boosting the performance of the ETFMG Alternative Harvest ETF's holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AdvisorShares Pure US Cannabis ETF (MSOS) might experience a positive impact as Biden's marijuana reform could enhance the overall cannabis market, benefiting the ETF's holdings.
The announcement could create a more favorable regulatory environment for the cannabis industry, potentially enhancing the performance of the AdvisorShares Pure US Cannabis ETF's holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray (TLRY) might experience a positive impact as Biden's marijuana reform could open up new market opportunities and reduce legal uncertainties.
The announcement could lead to a more favorable regulatory environment, benefiting companies like Tilray by expanding market opportunities and reducing legal uncertainties.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80