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The Rising Tide of Legalization: August 21, 2020
Election 2020 is approaching rapidly. While the ultimate outcome remains unclear, we see several catalysts that could provide a “rising tide” to the cannabis industry, independent of which party occupies the House, Senate, or White House. Even if November’s results don’t bring the promise of full federal legalization, we believe there are a myriad of incremental measures, such as access to traditional financial services, that would be revolutionary for the industry and could garner bipartisan support given the political landscape. Outside of Washington, states and municipalities continue to move forward with November ballot measures to expand local access to legal cannabis in pursuit of the jobs and tax revenues that accompany a “rising tide of legalization.”