Trump Presidency

What the New Trump Presidency means to Marijuana Industry

Players in the marijuana industry have been following the presidential campaigns and election keenly because of the implications of the new presidency to the industry. After a heated campaign period, Trump has won the presidency. The win is good news for his supporters and the marijuana industry as well. Trump has never held a public office before and hence it has been hard for law reformers to predict his move on the legalization of marijuana. However, many legal analysts believe that he will think like a businessman and legalize the drugs because of the high revenues that the industry generates every year. States such as California that have legalized cannabis for medical use have benefited from high tax revenues and low costs of law enforcement. Trump’s stand on legalization of marijuana has been slippery, which is understandable because of the implications of such laws. However, his responses to questions on …

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