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Cannabis has seen a long battle and has come a long way since the days it was made illegal in the US and the time now, where many states in the US have either legalized marijuana or shown a strong support in its legalization. There had been a number of occasions in the past when the government was supposed to vote for or against the cannabis legalization bill, but the matter kept getting pushed to a later date. However, now, with the election of President Biden there are high hopes that Cannabis will finally be legalized all across the states.

The cannabis legalization bill will be officially voted for in the month of December. That said, here are a few pointers in the bill that are expected to be discussed in the house on the day of voting.

  • All federal charges/penalties to be dropped against the possession, sale, and use of marijuana.

  • Dropping all charges against people involved in cannabis offences that are non violent in nature.

There’s yet no confirmed date about when the bill will be presented in the house for voting, but the information is ripe that it can come up for voting between December 1st to December 4th and December 7th to December 10th.

Some of the main reasons that the government is seriously looking into legalizing cannabis are as follows.

  • More than 68% Americans are entirely in favor of marijuana legalization.

  • The government is expected to raise as much as $106.7 billions yearly.

Considering these changing dynamics, even marijuana stocks are seeing a record high after the win of President Biden. Have a look at some stats listed below.

  • Canopy Growth has seen a surge of 10% in marijuana sales.

  • Aurora Cannabis has seen a surge of 20% in marijuana sales.

Moving on, let’s also take you through the reasons how cannabis is helping people during COVID-19.

The current pandemic has resulted in mass firing. And job loss has made things quite stressful. Cannabis has turned out to be a big help in such cases because it contains CBD that:

  • Helps in reducing stress and anxiety.

  • Helps in relaxing the mind.

  • Helps you sleep better.

  • Can also reduce the frequency and intensity of panic attacks.

All in all, Cannabis legalization is the one thing that is beneficial for everybody in all scenarios; and hence being considered.