WASHINGTON — President Joe Biden on Thursday pardoned thousands of individuals convicted of possessing marijuana, saying the current system "makes no sense" and sending pot stocks soaring on the news.The pardons apply only to federal offenders convicted of "simple marijuana possession" as well as those charged in the District of Columbia, but Biden called on governors across the country to follow suit.More than 6,500 individuals with prior convictions for simple marijuana possession were impacted by the pardons, a White House official said, and thousands more through pardons under D.C. law.In addition to the pardons, Biden announced that he has instructed Secretary of Health and Human Services Xavier Becerra and Attorney General Merrick Garland to begin reviewing how marijuana is classified under federal drug laws.Beyond Washington, Thursday's news represents a major victory for the country's nascent marijuana industry, which has struggled to gain access to major financial markets due to disparities within the patchwork of state laws that govern marijuana possession."