The Market After President Biden’s Marijuana Reform

It was huge news when the President announced his recent pardons for federal possession, and an uptick in cannabis stock followed. But what are the larger implications for the market – and what would be the result of federal legalization and “commodification” of the product? Mark shares some perspectives.

Mark Peysakhovich on the Becker Private Equity & Business Podcast, October 21, 2022

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The Significance of Biden’s Pardon

As President Biden announced on October 6 a blanket pardon for those federally convicted of simple marijuana possession, Chicago’s WCPT 820 reached out to Mark for his reactions. Hear what he had to say.

The message: “The president doesn’t necessarily love cannabis,” Mark observed, “But it’s encouraging to see he understands that cannabis isn’t just about drugs…

The policy impact: “There are only a few thousand people” who have been convicted for possession at the federal level, Mark notes. “But the main issue is…”