Bernie vs. Joe: Who has a better marijuana campaign?

Bernie Sanders vs. Joe Biden! Who do you think has a better marijuana campaign? The presidential election of 2020 is heating up. Everyone wants to know the point of view of the presidential candidates on the legalization of marijuana. Let's see what Bernie and Joe said in their campaigns.

Bernie Sanders' marijuana campaign

For his presidential campaign, Bernie Sanders intends to talk about the legalization of marijuana. A statement on Sanders' website says it is considering "legalizing marijuana and canceling convictions for the drug."

Marijuana is already gaining state support. Many cannabis companies, like MedMen, are taking initiatives to legalize it in Arizona and Texas. Read MedMen is preparing to legalize marijuana in Florida to find out more.

Sunday, Bernie Sanders tweeted"We need to legalize marijuana nationally and remove previous convictions." He also said it was important to "ensure that legal marijuana revenues are reinvested in the communities most affected by marijuana." failure of the war on drugs ".

Joe Biden's marijuana campaign

All other Democratic candidates support the legalization of marijuana nationwide. Joe Biden is the only Democrat to oppose legalization on a large scale. Last month, an article on Growth Op said Biden was in favor of decriminalizing cannabis. Biden helped pass the SAFE Justice Act.

In Biden's campaign, he spoke about a criminal justice plan that would cancel all past convictions for marijuana use. The plan would specifically remove cannabis from the Schedule I classification. Biden's plan calls for marijuana to be a Schedule II drug. The federal government could do research freely on cannabis.

That said, Biden certainly does not want to obstruct the legalization of cannabis in the states. In an article on Growth Op, he said: "He is confident that we need more research and to study the positive and negative impact of cannabis use."

Biden wants to leave the decision on the use of cannabis for adult use in each state. To learn more, read Joe Biden's article on cannabis law reform.

Why Biden's approach may not be a good idea

Biden's approach could disrupt the cannabis industry. In an article by Vice, Jonathan Caulkins, a professor at Heinz College of Carnegie Mellon University, expressed his views on Biden's approach. He said, "If the federal government actually enforced the CSA [Controlled Substances Act] Annex II [on cannabis in a Biden administration]then almost all current legal activities would be prohibited and could be stopped. "

Sanders and Biden are not alone

However, Bernie Sanders and Joe Biden are not the only candidates to support the legalization of marijuana. Some other candidates support the state and complete legalization. Meanwhile, President Trump has not yet expressed his point of view. Read President Trump: Is the legalization of marijuana an essential weapon? to learn more.

At present, marijuana is authorized for medical purposes in 33 states. Meanwhile, 14 states have decriminalized marijuana. Cannabis is legal in ten states and Washington, DC.

Andrew Yang and Beto O'Rourke also support the legalization of cannabis. Read Andrew Yang states that cannabis laws are "deeply racist" and that the legalization of marijuana can trigger Beto O'Rourke's candidacy? to learn more.

Performance of the cannabis industry

Starting Thursday, the Canopy Growth (WEB) and HEXO (HEXO) projects fell 23.0% and 6.5% in August. The Cronos (CRON), Aurora Cannabis (ACB) and Tilray (TLRY) groups fell by 16.1%, 7.3% and 28.9% in August. In contrast, Innovative Industrial Properties (IIPR) and Aphria (APHA) rose 0.63% and 21.0% in August.

Forest cover growth has decreased by 6.4% since the beginning of the year. Aurora Cannabis, Aphria, Cronos and Innovative Industrial Properties have grown 16.7%, 14.4%, 11.4% and 134.2% since the beginning of the year. In contrast, Tilray (TLRY) has decreased by 58.8% since the beginning of the year.

Inventories of cannabis, including Tilray, Canopy Growth, Cronos, Innovative Industrial Properties, Cresco Labs and Acreage Holdings, reported a profit in August.

The Cronos group posted impressive results in the second quarter. As a result, the company's results pushed its share price up. Jim Cramer, the host of the CNBC broadcast Crazy money, favored the Cronos group over other cannabis stocks. Read Why Jim Cramer favors CRON and CGC to learn more.

Innovative Industrial Properties posted excellent results for the second quarter on August 8th. Stocks have recently been favored by investors. The company has reported 134.2% since the beginning of the year.

Read What are the best stocks of cannabis in August? for more industry updates in August.

Stay tuned with us to learn more about the candidates' point of view on the legalization of marijuana.