The cannabis industry looks to be on the brink of significant growth in 2024, driven by key political developments and potential regulatory changes. With President Biden opting not to run for a second term, Vice President Kamala Harris, who has voiced support for cannabis rescheduling, could play a pivotal role in shaping the industry's future.
While the VP's policies are just starting to take shape ahead of this week's national convention, her presidential candidacy alongside Governor Tim Walz, with established 420-friendly credentials, could potentially create the first major party ticket to endorse federal cannabis legalization - which would signal a massive shift. Additionally, former president and current GOP presidential candidate Donald Trump has softened his own stance on cannabis, suggesting he supports decriminalization as more states move toward legalization.
