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Benzinga
Benzinga
Business
Nina Zdinjak

Biden's Pardon Could Help SAFE Plus, Cantor Fitzgerald Says: What Happens Now To Cannabis Stocks?

Joe Biden Cantor Fitzgerald United States White House Pablo Zuanic

The White House confirmed Thursday that President Biden will pardon all prior offenses for simple cannabis possessions. The announcement, signaling the possibility of broader marijuana reform sent cannabis stocks surging.

The pardons will also apply to anyone in Washington DC convicted of simple possession of marijuana, a senior administration official told reporters.

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