Is Rand Paul Good for Legalization?

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On Tuesday, April 7, 2015, Sen. Rand Paul officially announced, to no one’s surprise, that he is running for president. Like many contenders, Paul has created a muddy trail on marijuana legalization, but investors would do well to parse through his statements even if only to come up with an agenda that better suits the needs of the legal industry. Candidates may catch up, but they will have to be asked to do so.

 

What Has Been Said, So Far

We have become more sophisticated in the ways that we discuss marijuana legalization since former Texas Rep. Ron Paul last ran for President in 2012. The conversation now distinguishes among several different ideas:

  • decriminalization,
  • reform of sentencing guidelines,
  • non-enforcement of federal policies in conflict with state medical marijuana laws,
  • non-enforcement of federal policies in conflict with state recreational marijuana laws,
  • de-scheduling or re-scheduling marijuana under the Controlled
  • ...
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