US drug control agency will move to reclassify marijuana

Democrats will dangle the possibility of marijuana legalization to entice voters to turn out for the election. But I doubt legalization will actually happen; I'd be delighted to be proven wrong. I'm just too jaded, I guess.

Why wouldn't it, though? It's a massive new market that big corps are itching to get into if only they could do so legally. And the fact that some top politicians on both sides of the aisle are already investing in weed (on state level, where it's legal) has already made some news.

The only reason why it's not legalized yet is because 1) many politicians are old enough to be brainwashed to believe in "reefer madness", and 2) many voters are old enough to do the same, so politicians who don't believe in it still have to pander to them. But this is a problem that solves itself over time, which is why supporting weed legalization becomes more socially and politically acceptable.

I mean, just this year, 12 US senators wrote an open letter asking DEA to legalize weed. This would have been unthinkable 20 years ago, yet here we are.

If it's not all legal 20 years from now, I would be extremely surprised.

Yes, I think you are too jaded. It's fine to be wary, but wrong to think these two groups are the same. Don't forget that our Senate is broken, so no legislation passes without an inordinate amount of rural, conservatives states backing it.

So legalization may still be a political hot button, but give it time. One party supports it, one party opposes it. Dan Patrick, Lt. Gov. of Texas, is going to push the state to ban hemp-based Delta 8 products in the next session.

One party is regressive, one party is receptive and secular.

It's already been legalized at the state level in 24 states, most of those states governed by Democrats. There's clearly a lot of support for actual action on this issue, including among elected officials.

Experience here in Canada has shown it's not nearly the massive market that people thought it was. Tons of stores with excess stock and people losing their shirts, production curtailed. Big speculative wave when legalization was announced, and then it collapsed. Take a look at e.g. Canopy Growth's stock price over 5 years and you can see how the hype wave went.

I mean, we kinda already know the size of the market in US in those states that legalized, and it's lucrative enough.

But even if it's not massive, it's still extra profits that could be made.