Cannabusiness & News

President Trump Claiming To Protect Legal Cannabis

President Trump Claiming To Protect Legal Cannabis April 19, 2018Leave a comment

Friday the 13th of April 2018 may have been a very lucky day for the protection of cannabis rights for those that voted to legalize the consumption of cannabis for medical or recreational purposes. Colorado Senator Cory Gardner made an announcement that he has been able to broker a deal with President Trump that would ultimately protect states that have voted for legalization by not being interfered with by federal authorities. The move seemed to come as a great surprise to many cannabis advocates as well as many politicians. Rep. Earl Blumennauer (D-RO) who is the co-founder of the Congressional Cannabis Caucus is hoping for the best results but is remaining reserved for the moment due to Trump’s ability to quickly change his thought process.

Colorado Rep. Jared Polis is the other co-founder of the Congressional Cannabis Caucus and would like to remain optimistic but still cautious as well. Polis had also proposed the McClintock-Polis amendment focused on protecting states’ rights regarding cannabis. Politicians are quickly getting a better understanding that measures will have to be worked out because the progression of cannabis reform is obviously not slowing down. Colorado Gov. John Hickenlooper called the Gardner-Trump meeting a “reasonable and promising development.”

Colorado has been able to advance greatly by reducing the illegal cannabis market with a regulated system and that system has developed fruit from the labor. These efforts are another step towards ending a policy of marijuana prohibition across the U.S. When President Trump, then candidate Trump, made statements on the cannabis issue it was positive and those feelings seem to remain the same thus far. There is a possibility, as many have brought forward, that Trump is sticking to this train of thought on cannabis because he may be looking to gain more popularity, since most of his campaign promises have not been fulfilled.

The news of Trumps position did seem to help Wall Street this past Friday the 13th because cannabis stocks surged. Andy Williams is the Founder and President of Medicine Man Technologies, which is a publicly traded cannabis company. Williams stated… “Yet again, we see Senator Cory Gardner stepping up for Colorado and making a big impact on the cannabis industry. Kudos to the New Federalism Fund on the work they did to educate Republicans like Gardner on marijuana issues. The next step from here should be making law out of Cole memo, so it’s legislation instead of a referendum. I believe this also has potential to fix banking and 280e.”

Those who had been aware of Trump’s statements during the campaign were hoping that he kept his positive position on the protection of states’ rights regarding cannabis. The effort will likely make more states feel at ease about implementing legalization programs of their own without fear of repercussion from federal authorities. However, there are still many that oppose the legalization of cannabis using the guise of protecting children as their reasoning. Ken Sabet of SAM, a nonprofit group opposed to marijuana legalization called the deal between Trump and Gardner “ill-conceived and wrong.”

By Tracy Jerome Chisley (@PoeticPanther)

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