Tesla Inc TSLA CEO Elon Musk has given a thumbs up to President Biden’s announcement of a pardon for all federal marijuana possession convictions.
What Happened: Musk made his gesture through Twitter on Thursday in response to a tweet from the president’s official account.
— Elon Musk (@elonmusk) October 6, 2022
Biden said, “No one should be in jail just for using or possessing marijuana.”
See Also: How To Buy Tesla (TSLA) Shares
Why It Matters: More than 6,500 individuals with prior convictions for simple possession of marijuana will be impacted by the president's move, according to a prior report.
Biden also said that he would ask the attorney general and the Department of Health and Human Services to review marijuana’s classification under federal law as a schedule one drug.
In July, Musk commented in relation to the prisoner swap involving Brittney Griner, the WNBA player who is being held in Russia over the importation of marijuana, “Maybe free some people in jail for weed here too?”
The entrepreneur himself had to undergo random drug tests to prove he’s not an addict after smoking marijuana on Joe Rogan’s podcast in 2018. This was due to the fact that smoking weed is still illegal according to federal law, said Musk in August in a separate podcast.
Musk has often been critical of Biden over the president’s failure to acknowledge his two companies Tesla and SpaceX.
Photo by Thomas Hawk on Flickr
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.