Inside the Momentum Driving Politicians to Back Cannabis
*By Jacqueline Corba*
Voters are effectively pressuring lawmakers on both sides of the aisle to publicly support the easing cannabis laws, said the deputy director of the National Organization for Marijuana Laws.
In an interview Tuesday with Cheddar, the deputy director, Paul Armentano said politicians were realizing that marijuana enjoyed greater popularity than they did.
"With the midterm elections approaching, more and more members of Congress from both parties now acknowledge that advocating for marijuana policy reform is not a political liability, rather its a political opportunity," said Armentano.
Last Friday ー on 4/20, of all days ー Sen. Chuck Schumer, Democrat of New York and the minority leader, introduced a bill to decriminalize weed. A few days earlier, the majority leader, Sen. Mitch McConnell of Kentucky, had introduced a bill to remove hemp from the list of controlled substances.
Senators Kamala Harris (D-CA) and Orrin Hatch (R-UT) have called on Attorney General Jeff Sessions to stop using federal anti-drug laws to block medical marijuana research. And even President Trump changed his tune last week when he promised Sen. Cory Gardner, a Colorado Republican, he would support legal protections in states where marijuana is legal.
A majority of Americans ー 60 percent, according to a Pew Research Center poll ー said they support marijuana legalization.
For full interview, [click here](https://cheddar.com/videos/inside-the-momentum-driving-politicians-to-back-cannabis).
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
