Stock speculators have invested in pot stocks in the hopes that the Biden Administration will follow through with their campaign promise to decriminalize The Weed at a federal level.
The bill would drop the penalty for small scale possession to $50, which would be a big shift. Currently, if you’re found with even a tiny amount of marijuana, you can be sentenced to up to 30 days in jail and forced to pay a $500 fine.
Idaho's Governor Brad Little has stated publicly that he will not support drug legalization. His statements have not stopped pro-pot activists from working on a referendum in the Gem State.