Alkame Holdings Inc (ALKM)

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$ALKM Joe Biden Can No Longer Hide From Cannabis Legalization Efforts

"Multi Year Contract.."
"Imminent Cannabis Legalization..."
"Numerous Verticals in the Industry...."



$ALKM!
Expecting it to stabilize again if this isn't the run May have another test after highs tommorrow.

Cannabis legalization efforts in Congress have been a series of hits and misses during the Joe Biden administration, even as Congress juggles more cannabis-related bills than ever before. There are currently 35 cannabis-related bills in Congress—26 in the House, nine in the Senate.

The foot-dragging on cannabis legalization wasn’t the plan when Biden got elected. Many industry stakeholders expected a slam dunk on legalization when he took office.

The pre-election thinking was that Biden and Vice President Kamala Harris would finally take cannabis off the DEA’s Schedule I list, open up banking, fix disparities in the cannabis business environment so that everyone could get a piece of the pie, and end the war on drugs for good.

Well, it hasn’t quite worked out that way... yet.

The Biden Hope
When the Biden administration took over in January 2021, there was the expectation that legalization efforts in Congress would accelerate. After all, Harris admitted to smoking cannabis during a radio interview in February 2019 (“It gives a lot of people joy. And we need more joy in the world.”).

An article in Forbes magazine in August 2020 written by the president of an investment and operations firm in the legal cannabis industry, Kris Krane, appeared to double-down on Harris’s influence: “If elected Vice President, she is arguably reformers’ best hope of moving Joe Biden and the Democratic Party towards a position of full support for cannabis legalization.”

https://www.msn.com/en-us/news/politics/joe-biden-can-no-longer-hide-from-cannabis-legalization-efforts/ar-AANURlh