Biden has granted amnesty to thousands of people for “common possession” of marijuana

The announcement that President Joe Biden had pardoned thousands of people convicted of marijuana use on Thursday sent marijuana stocks soaring because he said the current system “there’s no point.”

Only federal prisoners convicted of “simple possession of marijuana” and those charged in D.C. are eligible for clemency, but Biden urged governors across the country to follow suit.

In a statementadded this Biden “No one should be in a local jail or state prison for this reason. Just like no one should be in federal prison just for using marijuana. If you want to know the net worth of Joe Biden, click here.

According to a White House official, the pardons affected more than 6,500 people who had previously been convicted of minor possession of marijuana, while thousands more received pardons under the D.C. law. Those who were not US citizens or were in the country illegally at the time of their detention will not be eligible for clemency.

Tilray Brands and Canopy Growth, two cannabis firms, saw a spike in afternoon trade on the announcement, rising 30% and 22% respectively. However, each stock continued to trade for less than $4 per share as of Thursday’s close.

In addition to pardons, Biden added that he has ordered Attorney General Merrick Garland and Health and Human Services Secretary Xavier Becerra to begin evaluating marijuana’s classification under federal drug laws.

Under federal drug sentencing rules, marijuana is now classified as a Schedule 1 drug, making it “more dangerous than fentanyl” and “same as heroin and LSD”, according to Biden. It makes no sense.

Biden pardons thousands for simple possession of marijuana
Biden pardons thousands for simple possession of marijuana

According to a department spokesperson, The Justice Department’s Office of the Clerk of Pardons will be responsible for enforcing Biden’s proclamation. She added that in the coming days the administration will conduct an official procedure for issuing pardon certificates to those pardoned.

The Proclamation also officially gave these people all the rights—political, civil, and otherwise—that had been denied them while they were criminals.

According to Biden, thousands of people have been convicted of marijuana possession and may not be able to get a job, live in a decent place or attend a good school as a result.

“My apology will relieve them of that burden.”

The significant role that marijuana plays in the US criminal justice system is obscured by the very modest number of individuals who were pardoned on Thursday. Between 40% and 50% of all drug arrests nationwide are typically related to marijuana possession arrests annually.

There were 6.1 million arrests for marijuana possession in the United States between 2010 and 2018, according to data compiled by the American Civil Liberties Union. Police seized more marijuana than all violent crimes combined in 2018 alone.

ACLU data also reveals that these arrests have had a disproportionately negative impact on communities of color and low-income people, exacerbating existing structural disparities. Because of our wrong attitude toward marijuana, “too many lives turned upside down,” Biden noted. “We must right these wrongs,”

Outside Washington, Thursday’s announcement marked a significant triumph for the nation’s emerging marijuana business, which has struggled to access important financial markets because of disparities in the patchwork of state laws that regulate marijuana use.

David Culver, vice president of government relations for Canopy Growth, said: “Today represents the administration’s action we’ve been waiting for — an acknowledgment that cannabis prohibition has failed and that too many people have been significantly harmed as a result.”

“The efforts needed to heal the ills of the past and set a course for responsible, legal cannabis markets in the future have been set in motion.” Biden said in his proclamation.

Final lines:

President Biden pardons thousands of Americans convicted of “mere possession” of marijuana under federal law, decriminalizing the drug and setting out to change practices that unfairly affect people of color.

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