Biden’s Exit and Harris’s Rise and
How This Affects the Cannabis Industry

Cannabis News: The latest development  in the 2024 presidential race has sent ripples through various sectors of the nation, including the cannabis industry. The political landscape in the United States is once again in flux as President Joe Biden announces his decision to drop out of the election.

As a medicinal wellness cannabis company, Fairwinds is keenly observing these changes, especially with Vice President Kamala Harris now being endorsed by Biden. Let’s delve into how these political shifts could impact cannabis reform, as well as the industry’s future.

Biden’s Rescheduling Move: A Step Forward but Not Enough

President Biden’s tenure has seen somewhat significant (albeit, cautious) steps towards cannabis reform. While he stopped short of descheduling cannabis as he promised in his 2020 campaign, his administration did reschedule it. Many say the progress isn’t enough, but it marked an essential step in the right direction.

Rescheduling cannabis from a Schedule I to a Schedule II substance under the Controlled Substances Act acknowledged its medicinal potential and reduced some of the stringent barriers for research.

However, this move did not fully address the broader issues of federal cannabis prohibition. The rescheduling still leaves many restrictions in place, particularly those impacting banking, taxation, and interstate commerce.

For many in the cannabis industry and advocacy circles, descheduling remains the ultimate goal for achieving comprehensive reform.

Kamala Harris: A New Chapter for Cannabis Reform?

With Biden’s endorsement, Kamala Harris steps into the spotlight with a complex history on cannabis. As a former prosecutor, Harris’s record on cannabis-related incarcerations has been scrutinized.

However, in recent years, she has emerged as a vocal advocate for cannabis reform, co-sponsoring the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which seeks to decriminalize cannabis at the federal level and address the injustices of the War on Drugs.

Some argue that this is an attempt for her to remain favorable, as many non-violent cannabis related criminals remain incarcerated from her previous decisions. Regardless of argument, Harris’s positioning on cannabis reform signals a potentially transformative era despite needing much more progress.

Her support for the MORE Act and other progressive policies indicates a commitment to not only changing cannabis laws but also addressing the socio-economic impacts of cannabis prohibition, particularly in marginalized communities disproportionately affected by past laws.

The Impact on Cannabis Laws and Incarcerations

Should Harris ascend to the presidency, we can hope for a more aggressive push towards comprehensive cannabis reform. The potential for descheduling cannabis only continues to be discussed as time moves forward. Eventually, continued discussion with open-minded politicians will radically change the regulatory landscape.

Descheduling would remove cannabis from the Controlled Substances Act entirely, allowing states greater freedom to regulate cannabis as they see fit and significantly easing restrictions on research, banking, and interstate commerce.

Moreover, Harris’s focus on social justice could lead to more robust efforts to expunge cannabis-related convictions, thus addressing the systemic inequities perpetuated by the War on Drugs. This could mean significant reductions in cannabis-related incarcerations and more opportunities for those with past convictions to participate in the legal cannabis industry.

How This Affects the Cannabis Industry

For companies like us here at Fairwinds, these political developments could usher in a new era of growth and opportunity. Descheduling cannabis would likely lead to a surge in market expansion, innovation, and investment. The ability to operate across state lines without the current legal restrictions could open up new markets and streamline operations.

Additionally, improved access to banking services and more favorable tax conditions would alleviate some of the financial burdens currently faced by cannabis businesses. This could lead to lower costs for consumers and greater investment in product development and research, ultimately benefiting patients and recreational users alike.

Cannabis To Support Us Through These Changes

As we navigate these politically transformative times, Fairwinds remains steadfast in our commitment to enhancing your well-being. Our “Mental Balance” product line exemplifies this dedication, offering both capsules and tinctures designed to support mental clarity and stability amidst uncertainty.

In the wake of Joe Biden’s rescheduling of cannabis and Kamala Harris’s potential push for comprehensive reform, products like Mental Balance are more relevant than ever. With the promise of a more progressive cannabis landscape on the horizon, Mental Balance stands ready to provide the calming, focused experience needed to thrive.

Embrace the future with confidence and equilibrium, knowing that Mental Balance is here to support your journey towards mental wellness.

Conclusion

The departure of President Biden from the 2024 race and the rise of Kamala Harris signal potential seismic shifts in the cannabis landscape. While Biden’s rescheduling efforts were a step in the right direction, Harris’s possible presidency could bring about the comprehensive reforms the industry has long awaited.

At Fairwinds, we are hopeful that these changes will not only enhance our ability to serve our customers but also contribute to a more equitable and just society. As the political winds change, we remain committed to advancing wellness through the power of cannabis.