Cannabis stocks surge as Biden pardons thousand convicted of marijuana possession

Pot stocks light up as Biden pardons federal offenders convicted of marijuana possession. He called on governors across the country to follow suit. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Tim Seymour and Karen Finerman. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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50 Comments

  1. Julia Vaoita Maeva Mareko on August 24, 2023 at 11:16 pm

    Reclassify cannabis STAT, Biden! While the entire world has implemented controls to regulate it, the US continues to drag this out as controversy and complex. We both know it can be a blessing to all human life form.



  2. Live From The Motherland on August 24, 2023 at 11:16 pm

    Weed shouldn’t be a part of pre employment drug screens. Just like cigarettes aren’t



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  4. Damien Jensen on August 24, 2023 at 11:20 pm

    I don’t like how the reporter said "don’t use it stay in school" . I didn’t no that if u use cannabis ur not gana go to school….



  5. John Cee on August 24, 2023 at 11:21 pm

    Just make it legal in the entire country…f**k!



  6. A.D on August 24, 2023 at 11:21 pm

    THE DRUG WAR WAS AND IS THE MOST EPIC FAILURE EVER. ALL IT DID WAS BRING MORE DRUGS. It makes no sense when Alcohol is legal everywhere. Scarcity and funding dangerous cartels is the problem. End it and people will like the police and there would not be so much crime and border problems. End mass incarceration and help people



  7. neumanix on August 24, 2023 at 11:22 pm

    Better late than never. Go Biden!



  8. Lorraine Cassini on August 24, 2023 at 11:23 pm

    Pretty awesome. It’s about time



  9. Lloyd Holiday on August 24, 2023 at 11:23 pm

    The price of cannabis would plunge if they make it federally legal and allow people to grow as much as they want. THis will obviously never happen. The whole point of keeping it illegal is to keep the price up. They could legalize it TODAY! But only act like they will or it will take another ten years. All talk and no real action.



  10. Honest Value on August 24, 2023 at 11:24 pm

    According to Bidenomics, convicted pot heads are the most productive type of citizen that will add to our already booming economy! USA! USA!



  11. Daniel Callahan on August 24, 2023 at 11:25 pm

    It’s way past time to decriminalize Marijuana. Cannabis is medicinal



  12. Derek Vest on August 24, 2023 at 11:26 pm

    Desheduling is were the money is it



  13. Joshua Pascu on August 24, 2023 at 11:26 pm

    Legalization is the only way forward for the US Economy ,THAILAND beat you guys to the punch already are you kidding me?…smh



  14. Manny Mathews on August 24, 2023 at 11:30 pm

    How much USA government needs Pablo Escobar alive
    I will says 100% of them
    That’s the strung economic future of this country, and probably something else we don’t know



  15. Oscar Jiron on August 24, 2023 at 11:36 pm

    A rise in portfolio losses this quarter is predicted by a number of indicators, including market falls, skyrocketing inflation, major Fed interest rate rises, and rising treasury yields. How can I make money in the choppy market of today? My million-dollar bond and stock assets are still something I’m considering selling.



  16. Beverly Thompson on August 24, 2023 at 11:36 pm

    If legal you have to buy from storefronts. Govt involved taxes and cost .



  17. Damien Jensen on August 24, 2023 at 11:37 pm

    Who thinks this might have just tipped the scales into legalization? It’s about time !!!! Legalize marijuana .



  18. Mike Glaspey on August 24, 2023 at 11:38 pm

    Now let’s see what politicians families investment portfolio includes these holdings.



  19. Space ride in mars on August 24, 2023 at 11:41 pm

    Pot head of America. I don’t get hook on drugs unless pain



  20. Bill on August 24, 2023 at 11:41 pm

    Is this a good time to buy stocks in the Europe? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to maneuver in this present market but these strategies doesn’t come common to the average folk, or am I better off putting my money elsewhere…



  21. Medharvestfarms on Instagram they got the best on August 24, 2023 at 11:43 pm

    thats a great one there



  22. Glenn Doty on August 24, 2023 at 11:43 pm

    So if you refuse to get the shot you’re actually more of a criminal than someone that got pardoned by the president



  23. تاقانە ی یوسفی کنعانم on August 24, 2023 at 11:44 pm

    پوتين مرديه ئه وه شهيبيتي



  24. jos florida on August 24, 2023 at 11:45 pm

    Lovely! He just unleashed drug dealers that took plea deals! What a guy



  25. El Canal De Jean-Pierre on August 24, 2023 at 11:45 pm

    It’s funny at the end she goes kids stay in school don’t use this what kid is watching CNBC



  26. Patrick DeRocco on August 24, 2023 at 11:45 pm

    This is barely scratching an itch. Too many are still facing jail time because of a failed urine test. Alcohol is far more dangerous and a hazard to your health, yet it’s everywhere, and most a diving under it’s influence. Legalize marijuana federally and then we’re on to something



  27. Jonathan Grants on August 24, 2023 at 11:45 pm

    First as an investor you’ll have to find a trained expert to help you accumulate profits giving how hard it is to even scrape from the market these days. Mr John should be the most preferred for all of you new and existing traders



  28. Jack Oliver on August 24, 2023 at 11:46 pm

    I’m done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment.



  29. Fat Wombat on August 24, 2023 at 11:47 pm

    Did Nancys husband buy cannabis stocks recently ?



  30. Jim Hardy on August 24, 2023 at 11:50 pm

    How much stock in marijuana companies did Pelosi buy just prior to the announcement?



  31. Guy Who Sells Vapes on August 24, 2023 at 11:51 pm

    Good. Unless they’re laced, pure weed shouldn’t be a crime.



  32. K P on August 24, 2023 at 11:53 pm

    Do nothing Democrats !! All they do is lie lie until they die. Trump was the one that finally legalized hemp, it sure wasn’t the do nothing democrats. And if it wasn’t for the Russia ,Russia hoax and fake impeachment #1&2 Trump would have at least legalized medical cannabis for the whole country.



  33. JK on August 24, 2023 at 11:53 pm

    Keep druggies in jail. Pot users never got big sentences before anyway, just dealers. Drug legalization helps no one, just makes the country worse.



  34. MWhitehall on August 24, 2023 at 11:55 pm

    Although I am not a fan of Weed, however, should have been classified as a misdemeanor from the very beginning of its inception. This is real life and obviously people were using it anyway.
    Just saying.



  35. K P on August 24, 2023 at 11:55 pm

    There are only two kinds of people that are oppressed to legalization, their either ignorant of the subject or they profit from it being illegal.



  36. David Musser on August 24, 2023 at 11:57 pm

    Not a single individual will benefit from Brandon’s pardon. As a result, nobody is getting released from jail because of the pardons. There isn’t anyone currently in federal prison solely for simple possession, White House officials said.



  37. shelly on August 24, 2023 at 11:58 pm

    Why is he still president



  38. Rooster 🐓 King on August 24, 2023 at 11:58 pm

    Lies weed stock ain’t do nothing but lose $150 dummy dollars 🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️💯



  39. Travel And Eats on August 24, 2023 at 11:59 pm

    Everyone saying make it federally legal and gives their reason

    I say make it federally legal and stop being racists



  40. MadArcherMoto on August 24, 2023 at 11:59 pm

    Let’s go Brandon!



  41. Christine Harris on August 24, 2023 at 11:59 pm

    There might be less than 160 people with this offense not thousands of people this is a trick



  42. The Skateboarder on August 25, 2023 at 12:01 am

    Finally a President that acts instead of talks. Legalize marijuana its far less dangerous than alcohol, cigarettes etc… Great news!



  43. John King on August 25, 2023 at 12:02 am

    Legalize pot soon just before the Greatest Depression



  44. CrunkPopeye on August 25, 2023 at 12:04 am

    Increase punishment on DUIs



  45. Diocletian Records on August 25, 2023 at 12:04 am

    Legalise cannabis in the UK.



  46. Blane Harrison on August 25, 2023 at 12:08 am

    👆keep.it.green



  47. shelly on August 25, 2023 at 12:09 am

    Maybe he should do something beneficial for this country….for a vote!!! Think about it for a serious minute.
    Growing up in the 60′ s I get it . People like to get high,but to get voted in for president he’s a joke🥱😆



  48. jon edson on August 25, 2023 at 12:09 am

    vote 💙 if you wont it federally legal because the gop wont



  49. Metallic_Zombie_Killer on August 25, 2023 at 12:09 am

    Biden has the opportunity to make history as the first President to end Cannabis prohibition at the federal level. Lets go Joe!



  50. Justin Rodriguez on August 25, 2023 at 12:11 am

    No such thing as simple federal marijuana posession. This is a smoke screen.