If California Governor Newsom Is Voted Out Of Office Today, The Cannabis Industry Could Suffer

On Tuesday, California voters will decide whether Governor Gavin Newsom will continue his first term or be removed from office through a recall vote.

If Gavin loses his position as governor, the decision is bound to have a tremendous impact on the state’s future, with consequences likely to be felt in nearly every sphere across the country's most populous state…and  is no exception.

First let's look at a FAQ, which the NY Times refers to as "one of the more remarkable mysteries of the moment," and that is: how did a Democratic star in the bluest of blue states end up confronting a recall? 

Newsom’s recall was fueled in part by a public shaming event when the unmasked Governor was caught on camera publicly dining with a group of friends and lobbyists at a high-end restaurant during the height of California's strict lockdown. The event catalyzed the Republican base, which nationally continues to rage against lockdowns and the use of protective face masks. 

How Will The State's Legal Industry Be Affected If Newsom Is Ousted?

Newsom has historically been pro-cannabis. He was an outspoken backer of Proposition 64, which legalized adult-use state-wide in 2016.

What People In The Industry Are Saying 

Conrad Gregory, president of the California Cannabis Industry Association pointed out that Newsom campaigned as a leader on cannabis reform during his 2018 campaign, and began his mandate with an initial regulatory …

Full story available on Benzinga.com

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