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President Joe Biden supports decriminalizing cannabis, broadening access to medical marijuana, and allowing states to determine their own marijuana policies free of federal interference.
Federal marijuana reform became more likely after Democrats picked up two Senate seats in Georgia, giving the party control of the chamber.
The House passed the MORE Act, a wide-ranging marijuana decriminalization bill, in December. It still faces an uphill battle in the Senate despite the incoming Democratic majority.
President Joe Biden will be good but not great for the cannabis industry, analysts, executives, and other experts say.
While Biden has stopped short of endorsing federal legalization, both he and Vice President Kamala Harris, have campaigned on decriminalizing marijuana.