The US Senate approved legislation on November 16 that would ease restrictions on medical marijuana-related research. This is the first time Congress has passed a bill solely related to marijuana.

After elections this week, two more states – Missouri and Maryland – have legalized the recreational use of marijuana. The victories in these two states together could generate nearly $2 billion in adult-use sales within a few years. 

The cannabis sector is a proven multibillion-dollar industry taking shape right in front of us. It’s now medically legal in 41 states and decriminalized for adult use in 23 states. It’s only a matter of time before cannabis is federally legal.

President Biden has just pardoned more than 6,500 individuals with prior federal or D.C. convictions for simple marijuana possession. This is a win for justice in the cannabis industry.