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Vice President Kamala Harris reiterated her support for cannabis legalization in a recent interview, signaling her commitment to ending the criminalization of marijuana use. Industry leaders, however, remain skeptical about whether her administration will deliver on the promised reforms. Harris, who previously introduced legislation to decriminalize and tax cannabis at the federal level, has been urged to turn her campaign promises into tangible action. While the Biden administration has made some progress in advancing cannabis reform, including plans to reclassify cannabis to allow for research and medical supply distribution, the process has been slow-moving. Investors are keen to hear more details on future proposals from the Harris campaign, particularly regarding banking and capital markets reform in the cannabis industry. The industry is also wary of former President Donald Trump’s stance on cannabis, with both Trump and Harris facing scrutiny for their track records on legalization. Despite bipartisan support for cannabis reform from both Republican and Democratic candidates, the market growth in the cannabis sector has been limited due to various challenges.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
