Bernie Sanders Says He'll Legalize Weed On His First Day As President (But Can He Really?)

By The Fresh Toast's Brendan Bures, provided exclusively to Benzinga Cannabis.

While Bernie Sanders has promised to legalize cannabis through executive order, it remains unclear if he has the authority to do so.

Bernie Sanders vows to waste no time legalizing marijuana if he becomes president. While the majority of leading candidates for the Democratic presidential nomination support ending cannabis prohibition — Joe Biden is the notable exception — Sanders announced his intention to make it among his first priorities in office.

“We will end the destructive war on drugs,” Sanders said at a Cedar Rapids, Iowa concert rally. “On my first day in office through executive order we will legalize marijuana in every state in this country.”

bernie sanders blasts marijuana prohibition in his new book

Photo by Ralph Freso/Stringer/Getty Images

Many multi-state operators in the cannabis industry might be pleased to hear this announcement, as it would allow them to list their companies on the U.S. Stock Exchange. However, Sanders wants to make sure the cannabis industry “is not controlled by a handful of corporations” and instead empower those minority communities disproportionately impacted by the war on drugs.

“We will move forward to expunge the records of those arrested for possession of marijuana,” Sanders said. “And we will make certain that the legalized marijuana industry is not controlled by a handful of corporations, but that those people — the African-American community, the Latino community, the Native American community — those people who have suffered the most will get help in order to make money through a legalized marijuana industry.”

It’s important to remember that only Congress can remove marijuana from the Controlled Substances Act, which classifies the plant as Schedule I illegal drug. Sanders can, however, appoint his own Attorney General and health and human services secretary, positions that play key roles along the way. The process remains complicated, though, as the United States has agreements through international treaties to classify marijuana and its commerce as illegal.

Thus far, states have been the driving force in marijuana legislation. A president has little to no authority in forcing states to roll back prohibition or decriminalize a substances like cannabis.

Featured image by Getty Images

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisMarketsBernie SandersBrendan BuresThe Fresh Toast
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
CCC-Oct-24-Banner-1

Click on the image for more info.

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry?

Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. 

Get your tickets now before prices surge by following this link.