Making marijuana legal is currently one of the hot topics playing a dominant role in the 2020 US elections. With the US elections coming up, Bernie Sanders continues to show his support for legal cannabis.
Currently, cannabis is legal for medical use across 33 states. Also, Bernie Sanders is a Democratic presidential candidate, who initially served as the mayor of Vermont. Since 2007, he’s been a US senator.
Bernie’s motive on legal cannabis
Bernie supports legal cannabis. This can be seen via his October 17 tweet. He said, “Congratulations to our neighbors to the north on completing their first year of marijuana legalization! Vermont shares a border with Canada, and as far as I can tell, the sky has not fallen and the cities have not plunged into anarchy on the other side.”
Plus, Bernie always favored making cannabis legal since he was a house representative in the 1990s. His campaign promises legal cannabis in the US if elected president in the 2020 polls. In his favor, we can see majority support towards the acceptance of cannabis among the general public in the US.
A peek at public support for cannabis legalization
During the first 13 days of October, Gallup poll studied the public’s support on the legal approval of cannabis. As per the poll results, nearly 66% of the Americans are all-in for the recreational use of cannabis. This figure is the same as in 2018. Thus, this suggests a halt in the support for cannabis legalization. However, at the end of 2018, we saw a hike in favor of legalization from 58% in 2016 to ~60% in 2017.
Breaking up the results of this poll, Gallup found, “There are essentially no meaningful differences in support for legal marijuana by gender, education, income, region, and urban/suburban/rural residence — between 60% and 70% of subgroup members within those categories favor legalization.”
Bernie supporters approve of legal cannabis
Further, nearly 81% of the public below the age of 30 completely support legal cannabis. Every age group, excluding those above 65, wants legalization. This favors Bernie because his voter base mostly comprises adults under the age of 30, according to The Economist. Plus, the adults aged above 65 make up the minimum. About 82% of liberals support making cannabis legal. This is largely in-line with Bernie’s views.
In terms of ethnicity, according to Gallup, “Majorities of major U.S. racial and ethnic subgroups endorse the legalization of marijuana, but blacks are more likely to hold this view than whites, while Hispanics show even less support.” However, this is not much in favor of Bernie as Hispanics occupy the majority of his voter base followed by the other ethnic groups.
Benefits of making cannabis legal
The Royal Economic Society in England published a study saying that making cannabis legal lowered the rate of violence. Plus, studies prove that legalization leads to a decline in suicide rates, the development of state economies, job creation, and helping people get out of opioid addiction.
Also, rural America may transform by making cannabis legal. This could save the lives of countless rural people. Taking these advantages into account, the idea of legal cannabis got a wave of approval from the Americans in 2018.
Views of Bernie’s peers
During the 2016 polls season, Bernie Sanders was the only candidate actively showing support for legal cannabis. However, with the express approval of 76% of democratic candidates, things are different now. Joe Biden is the only exception to this. He only supports decriminalizing cannabis.
Also, Elizabeth Warren is another strong presidential candidate. She is actively declaring her acceptance of legal marijuana. While she currently supports medical marijuana, she was against cannabis legalization during an October 2011 Democratic senate primary debate. Kamala Harris and Pete Buttigieg are also democratic candidates. They also support Sanders’ and Elizabeth Warren’s opinion about cannabis legalization.
Cannabis companies set to enjoy from legalization
Major cannabis producers like Aurora Cannabis (ACB), Tilray (TLRY), and Canopy Growth Corp. (CGC) will benefit from legalizing cannabis. These leaders have a huge opportunity to tap and explore. Grandview Research estimates the market size of the US cannabis market at $11.3 billion, as of 2018. Grandview Research expects the market to grow 14.5% CAGR (compound annual growth rate) from 2019 to 2025. This positive estimate is partially due to the widespread presence of diseases like Alzheimer’s and cancer. Moreover, there is a big market for recreational cannabis.