Marijuana on the Ballot BIG CHANGES Could Be Afoot But the outlook for federal marijuana reform will depend on who wins the White House and controls Congress By Omar Sacirbey W hat might the marijuana industry landscape look like after the Nov. 3 general election? Much different? Same old, same old? It depends on what the voters say. Marijuana business executives can expect federal banking reform, elimination of Section 280E of the federal tax code, a softening of federal marijuana prohibition and possibly even federal tax-and-regulate style legalization if Democrats retake the White House and U.S. Senate and maintain their comfortable majority in the House of Representatives. Yet marijuana business executives might get those long-awaited breakthroughs even if just one of 42 Marijuana Business Magazine | October 2020 the two-the White House or the Senate-flips from red to blue. If President Donald Trump defeats Democratic challenger Joe Biden and Republicans maintain control of the Senate, most observers expect continued gridlock on marijuana policy, although some progress might be possible on cannabis banking reform.