Why pot industry will keep growing under Trump
President-elect Donald Trump has publicly supported medicinal legalization of cannabis products and indicated support for states’ rights to set their own rules on adult use. Nevertheless, some investors fear that the fast-growing industry could suffer a setback with many of Trump’s closest advisers having voiced opposition to legalization.
Some worry that U.S. Sen. Jeff Sessions of Alabama, nominated to be Trump’s Attorney General, might, if confirmed, fight against the cannabis industry because of his earlier remarks, such as saying, “We need grown-ups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized.”
The alarmist view in the industry is that for the price of a few stamps, the new Attorney General could dispatch threatening letters to attorneys general of states now allowing adult cannabis use to let them know they are allowing the federal law to be broken.