Cory Booker Opens White House Run With Call for End to Marijuana Prohibition

Written by: Robert Schroder – Market Watch

Cory Booker is making his efforts at marijuana legalization part of his freshly begun presidential campaign, the New Jersey senator said in a radio interview Friday as he made his White House bid official.

“Folks are feeling left out, folks are feeling left behind,” said the New Jersey Democrat, the latest to throw his hat in the expanding ring of presidential contenders.

In 2017, Booker introduced a bill that would have decriminalized marijuana at the federal level, and would also have encouraged states to legalize it if their laws were shown to have a disproportionate effect on people of color or low-income individuals.

Booker, who is African-American, announced his candidacy on the first day of Black History Month.

An exchange-traded fund of cannabis stocks MJ, +1.65%   was trading about 3% higher in early-afternoon action on Friday.