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From Bias to Banking, Biden’s Pot Promises Have Impact

US President Joe Biden greets White House staffers on the South Lawn of the White House.

US President Joe Biden greets White House staffers on the South Lawn of the White House.

Photographer: Ting Shen/Bloomberg

Welcome to the latest issue of the Dose, which looks at the cannabis and psychedelics industries. I was in the middle of a phone interview for a psychedelics-related piece late Thursday when the words BIDEN and MARIJUANA flashed across my terminal in a headline from our DC office. Pivot time! Here’s a look at what top executives predict to come from the big news.  

President Joe Biden’s call for a review of marijuana’s classification as one of the most dangerous narcotics was the biggest news the industry has had. Ever.