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Biden to pardon all prior federal offenses of simple marijuana possession

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Members of the DC Marijuana Justice community hold a 51 blow-up joint on the National Mall ahead of President Joe Bidens address to a joint session of Congress to call on the administration to take action on legalization and expungement of criminal records on Wednesday, April 28, 2021.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

WASHINGTON — President Joe Biden will pardon all prior federal offenses of simple marijuana possession, the White House announced Thursday.

The pardons will also apply to anyone in the District of Columbia convicted of simple possession of marijuana, a senior administration official told reporters.

More than 6,500 individuals with prior convictions for simple marijuana possession will be impacted by the pardons, said the official, and thousands more will be pardoned under D.C. law.

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Pot stocks Tilray Brands and Canopy Growth each jumped on the news, up roughly 10% and 5%, respectively, in afternoon trading.

This is a developing story, please check back for updates.

Source: CNBC

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