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Forbes Daily Briefing

How The Republican Party Learned To Love Cannabis Legalization

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 26 September 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

With Donald Trump’s support for Florida’s pro-pot Amendment 3 and the expected federal rescheduling of marijuana, here’s why the GOP finally jumped on the weed bandwagon.

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Transcript

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0:00.0

Here's your Forbes Daily Briefing for Thursday, September 26th.

0:05.0

Today on Forbes, How the Republican Party Learn to Love Cannabis Legalization

0:12.0

In Early September, former President Donald Trump legalization.

0:12.6

In early September, former President Donald Trump officially announced his support for

0:17.0

potheads.

0:18.4

On his truth social platform, he wrote, quote, I believe it is time to end needless arrests and incarcerations of adults for

0:25.1

small amounts of marijuana for personal use.

0:28.0

We must also implement smart regulations while providing access for adults to safe tested product.

0:35.0

Trump, who was a Florida resident, went on to say that he would vote yes on Amendment 3,

0:41.0

which have passed this November would legalize recreational cannabis in the Sunshine State.

0:46.4

That could be a lynchpin for other southern red states that have yet to legalize marijuana.

0:51.5

And if Trump becomes president again, he wrote that he would also

0:54.3

support the federal government's ongoing review to potentially reclassify

0:57.8

cannabis as a less dangerous drug, work with Congress to pass cannabis banking

1:02.1

reform bills, and support states that wanted to leave work with Congress to pass Cannabis Banking Reform Bills

1:03.2

and support states that wanted to legalize pot sales within their own borders.

1:08.0

For most voters, the leader of the Republican Party coming out in support of cannabis legalization was surprising.

1:15.1

The political movement to legalize marijuana has long been associated with liberals and

1:19.5

Democrats.

1:20.9

But over the last few years, more and more Republican lawmakers, big money donors, and conservative

1:26.2

thinkers have co-opted the issue.

1:29.5

Thanks to a $30 billion state licensed cannabis economy spanning 38 states, 15 of which are Republican

...

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