Cannabis Stocks Soar On Heels Of VP Debate, Vermont Bill Passing

Sen. Kamala Harris and Vice President Mike Pence covered a range of topics at Thursday night’s VP debate, and Cantor Fitzgerald analyst Pablo Zuanic said cannabis investors have a lot to like about what Harris had to say.

What To Know: Democratic presidential nominee Joe Biden, who leads President Donald Trump handily in many polls, has consistently said he is in favor of more cannabis research before he endorses federal legalization. However, Harris has been more progressive on the cannabis issue and even sponsored the Marijuana Opportunity Reinvestment and Expungement Act (MORE), which would deschedule cannabis from the Controlled Substance Act and expunge criminal convictions related to federal cannabis offenses.

In Her Own Words: At Wednesday’s debates, Harris said Biden’s administration would “decriminalize marijuana” and “expunge the records of those who have been convicted.”

Zuanic said Harris’ comments weren’t necessarily a deviation from what she has said in the past, but they were important given Biden hasn’t addressed the cannabis issue publicly since Harris joined his campaign.

“We expect the Democrats, if taking control of the White House and both chambers …

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