What Biden’s order means — and what it doesn’t

President Joe Biden announced that he would pardon thousands of low level federal marijuana offenders, and ask the federal government to re-evaluate weed’s federally illegal status. The measure doesn't free any prisoners or provide clarity for the industry. But to a degree not previously seen, the president's order suggests a willingness to invest political capital in cannabis reform. 

For the cannabiz, the news is the most important out of D.C. since August 2013 when the Cole Memo, named for deputy . . .