The cannabis industry has seen a wave of positive news over the past few weeks with the Biden administration extending a federal pardon for cannabis-related offenses, along with Maryland’s legal cannabis industry exceeding expectations in its first year of recreational sales.
Last week, President Joe Biden announced his administration will be offering a full pardon on cannabis-related offenses, a major victory for cannabis activists who have long pushed for legalization and clemency for those with drug convictions. The announcement came as part of a larger series of criminal justice reforms introduced by the Biden administration, including allowing for the expungement of cannabis-related records and retroactive re-sentencing for incarcerated individuals.
Meanwhile, in Maryland, where a regulated recreational cannabis industry opened its doors last year, businesses have exceeded expectations in terms of consumer demand. Recently, a report released by the Maryland Medical Cannabis Commission revealed that sales have passed the $1 billion mark, with more than 3.5 million cannabis purchases since the industry’s launch.
These two pieces of news are great indicators of the progress the cannabis industry has made over the past few years. With the Biden administration’s initiative for criminal justice reform, more Americans are now able to safely and legally purchase cannabis products without fear of legal repercussions. And with Maryland’s recreational cannabis market booming, other states may soon become more inspired to offer similar regulations in their jurisdictions.
It’s clear that the cannabis industry has made major strides in 2021, and the future looks brighter than ever before. As more states adopt cannabis regulation and the federal government continues to offer clemency, the prospects for this rapidly-growing industry are brighter than ever.
The cannabis industry has seen a wave of positive news over the past few weeks with the Biden administration extending a federal pardon for cannabis-related offenses, along with Maryland’s legal cannabis industry exceeding expectations in its first year of recreational sales.
Last week, President Joe Biden announced his administration will be offering a full pardon on cannabis-related offenses, a major victory for cannabis activists who have long pushed for legalization and clemency for those with drug convictions. The announcement came as part of a larger series of criminal justice reforms introduced by the Biden administration, including allowing for the expungement of cannabis-related records and retroactive re-sentencing for incarcerated individuals.
Meanwhile, in Maryland, where a regulated recreational cannabis industry opened its doors last year, businesses have exceeded expectations in terms of consumer demand. Recently, a report released by the Maryland Medical Cannabis Commission revealed that sales have passed the $1 billion mark, with more than 3.5 million cannabis purchases since the industry’s launch.
These two pieces of news are great indicators of the progress the cannabis industry has made over the past few years. With the Biden administration’s initiative for criminal justice reform, more Americans are now able to safely and legally purchase cannabis products without fear of legal repercussions. And with Maryland’s recreational cannabis market booming, other states may soon become more inspired to offer similar regulations in their jurisdictions.
It’s clear that the cannabis industry has made major strides in 2021, and the future looks brighter than ever before. As more states adopt cannabis regulation and the federal government continues to offer clemency, the prospects for this rapidly-growing industry are brighter than ever.
