Key Words: Cory Booker Opens White House Run With Call For End To Marijuana Prohibition

Sen. Cory Booker

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.

Speaking to the Tom Joyner Morning Show, Booker included his marijuana policy in a pitch for what he called “radical empathy” in the U.S.

“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.

See: Here are the nearly two dozen Democrats running for president or in the mix.

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, +2.62%   was trading about 3% higher in early-afternoon action on Friday.

RECENT NEWS

Gyrostat May Market Outlook: When The Cost Of Protection Falls - Signals For Portfolio Positioning

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direction. It... Read more

The Risk Most Portfolios Do Not Explicitly Manage

Most portfolios are constructed on a simple and widely accepted assumption: that equity risk will be r... Read more

Gyrostat April Outlook: The Changing Cost Of Protection

Signals For Portfolio Construction This monthly Gyrostat Risk-Managed Market Outlook does not attemp... Read more

What Advisers Misunderstand About Protection

Protection is rarely rejected outright. More often, it is misunderstood. Most advisers recognise th... Read more

Gyrostat Market Outlook: Looking Beyond The 30-day Volatility Headlines

This outlook examines how financial markets are pricing risk rather than attempting to forecast market... Read more

Gyrostat Capital Management: The Hidden Assumption In Most Portfolios - Stability

Markets do not usually fail portfolios. Assumptions do. Most portfolios are built with car... Read more