The Financial Post reports in its Tuesday, July 28, edition that the U.S. could legalize marijuana at the federal level as soon as 2021 if Joe Biden is able to win the presidential election and Democrats take control of the Senate. A Bloomberg dispatch to the Post reports that it is a dramatic change in expectations from three months ago when it appeared Donald Trump would most likely win re-election, and CIBC analysts had put the odds of meaningful reform at "near-zero" for 2020 and "unlikely" for 2021. CIBC analyst John Zamparo says in a note: "A fact that has become incredibly obvious from a chaotic 2020 is how quickly things can change. We stand by our statement for 2020, but for 2021, well, when the facts change, we change our minds." With the economic fallout from COVID-19 and social unrest following the murder of George Floyd by police, Mr. Biden's chances of winning the election in a possible Democratic sweep has appeared increasingly likely. Mr. Biden is less supportive of full-scale legalization than his party. However, if the Democrats were to win both the White House and Senate, it could open the door to decriminalization and leave the question of legalization up to states.