Pot stocks surge, the Republican President supports state laws on legalization

RNG

Former Staff
Jan 2015
14,121
9,875
Left coast
This story is big news on all the major Canadian news media.

I can't find much on US sources yet.

Are the fundie menace going to turn on him now?

Pot stocks surge on news Trump favours giving states latitude on legalization

U.S. President Donald Trump endorsed letting states decide how to regulate marijuana, in a major boost for the legal pot industry, Colorado Republican Senator Cory Gardner said. Pot stocks Friday surged on the news.

Mr. Gardner said that as a result of Mr. Trump’s assurances he’ll end a blockade of Justice Department nominees. Mr. Gardner held up the nominees after Attorney-General Jeff Sessions rescinded an earlier Justice Department memo that shielded marijuana operations in states such as Colorado from enforcement of the federal ban on the drug.

“Since the campaign, President Trump has consistently supported states’ rights to decide for themselves how best to approach marijuana,” Mr. Gardner said in a statement on Friday. “President Trump has assured me that he will support a federalism-based legislative solution to fix this states’ rights issue once and for all.”

White House press secretary Sarah Huckabee Sanders said Mr. Gardner’s statement is “accurate.”
https://www.theglobeandmail.com/business/international-business/article-trump-in-favour-of-giving-states-latitude-on-legal-marijuana-senator/
 

Crusher

Former Staff
Aug 2011
28,368
9,270
Heaven Above
Good on Trump.

California's sales have fallen short of the projections, but I can still see this as a boom industry.
 

RNG

Former Staff
Jan 2015
14,121
9,875
Left coast
It's unfortunately that DOJ seats had to be sold to get this.
 

HCProf

Council Hall
Sep 2014
29,437
18,975
USA
Good on Trump.

California's sales have fallen short of the projections, but I can still see this as a boom industry.
California has had legalized medical MJ for a long time. I think the projections are beginning to level out after the large spike. Colorado and Washington will level out as well. It is hard to predict what Trump will actually do...last week he was planning to pull out of Syria "real soon" this week he is talking about air strikes. So if someone whispers in his ear that pot is bad...he could change his mind.
 
May 2007
20,972
17,150
Houston, Texas
Good news. Even in Texas, where marijuana possession is illegal, prices on good quality weed has dropped to about one-half of what they were a year or so ago. It's hardly worth the time to drive to Colorado and buy it there.
 
Oct 2011
18,318
15,553
Washington State
May 2007
20,972
17,150
Houston, Texas
I feel happier about the prospect of legal marijuana nationwide if Trump didn't say anything at all. It's hard to know what this psycho might do.