Federal marijuana reform prospects bright – provided the Senate flips, Biden wins

Tuesday’s general election could have huge implications for federal marijuana reform, but the biggest business impacts hinge on whether the U.S. Senate flips to the Democrats and former Vice President Joe Biden wins the presidency.

If so – and that’s a big if – it’s possible that reform would lead to marijuana legalization in some form sooner rather than later.

Without the Senate flipping, the most optimistic scenario for 2021 might be cannabis banking reform – which the U.S. House passed in 2019.

The U.S. Senate has been the biggest barrier to federal marijuana reform, so a change there would be welcome to the marijuana industry.