Lame duck pardons12/16/2023 ![]() Nine Republican senators are already cosponsoring a draft of the SAFE Banking Act, plus most Senate Democrats. Senator Cory Booker (D-NJ) is reportedly working across party lines to pass a “SAFE Banking Plus” bill that would include banking reform for the industry plus provisions for veterans healthcare and Small Business Administration loan mandates for small cannabis businesses. Members of Congress on both sides of the aisle like Democratic Senate leader Chuck Schumer and Ohio Republican Dave Joyce hope the executive action will be a springboard for more legislation to lighten restrictions. Where it goes next could come down to whether Biden’s announcement amounted to toothless political posturing a month before the midterm elections or if it leads to meaningful action on Capitol Hill. The MSOS ETF is down 57% this year and 80% since its February 2021 peak. The stringent regulations placed on cannabis companies have handicapped entrepreneurs in the industry from developing profitable businesses and frustrated investors for years, and the review process to reschedule it would likely take a year even in the best of circumstances, Zuanic says. Greed: How America Botched Legalizing Pot By Will Yakowicz stocks have held up better than the Canadian stocks.” MORE FROM FORBES Weed vs. companies benefit because there's no more 280e tax rule that they have to pay taxes on gross profits,” Zuanic says. “If cannabis is descheduled, or it goes to Schedule III or IV, then the U.S. ![]() It’s currently a Schedule I substance, the same classification as heroin, meaning companies selling it face strict tax regulations and aren’t allowed to make normal business deductions. stocks may have sustained more of their gains thanks to Biden’s request to the Department of Health and Human Services and the Attorney General to review how marijuana is classified under federal law. Bringing up the election result is as awkward as making conversation at a Thanksgiving dinner hosted by a divorcing couple.Chicago-based Green Thumb Industries (GTBIF) and Massachusetts-based dispensary Curaleaf (CURLF), the ETF’s largest holdings, are both still up more than 20% from where they started Thursday even after steep losses Monday. The man who could never stop talking to reporters has now taken a vow of silence. As he departed, reporters shouted, “Mr President, will you be issuing a pardon for yourself?” and “Will you invite president-elect Biden?”Īnswer there came none. The one-time champion of attention has lost his crown to a challenger he deems unworthy. So it was that as Biden prepares to take the reins of power, Trump is left with the equivalent of ribbon-cutting. He added: “Happy Thanksgiving to everybody. With raised hand, Trump said: “Look at that beautiful, beautiful bird. Earlier on Tuesday, Trump retweeted a picture of himself brooding over the Resolute Desk in the Oval Office with the caption: “I concede NOTHING!!!!!”Ī man scooped Corn up on to a table festooned with autumnal flowers and mini-pumpkins. The reality of losing, for a self-declared lifelong winner, is evidently not a laughing matter. ![]() Unfortunately, Carrots refused to concede and demanded a recount, and we’re still fighting with Carrots” – or his bleak humour about his own impeachment a year ago. What was missing from Trump’s brief remarks were the puns of the Obama years that made his daughters cringe, or Trump’s own brazen jokes in 2018 regarding an online vote on which turkey should survive – “This was a fair election. It sounded like a feeble plea from a dying monarch, given that Biden had just vividly put the Barack Obama band back together with an explicit repudiation of “America first”. “Shouldn’t go away from that: America first.” As Biden prepares to take the reins of power, Trump is left with the equivalent of ribbon-cutting “We send our love to every member of the armed forces and the law enforcement heroes risking their lives to keep America safe, to keep America great, and, as I say, ‘America first’,” Trump said. ![]() He thanked doctors, nurses, healthcare workers, and scientists who have fought the coronavirus pandemic and raced towards a vaccine, but could not resist using the term “China virus” for old time’s sake or bring himself to offer condolences to families of the quarter-million Americans dead. The president talked about the nation’s love of farmers and the 400th anniversary of the arrival of the pilgrims on the Mayflower. This year’s pair, Corn and Cob, were selected from the official presidential flock of 30, he said. Trump talked about the tradition of presidents sparing birds from the Thanksgiving table, dating back to Abraham Lincoln and receiving formal pardons every year since George HW Bush. 'Will you pardon yourself?': Trump ignores questions after pardoning turkey – video ![]()
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