Marijuana and Donald Trump
Update as of 03/05/2018
Our President made numerous campaign promises to uphold the legality of the States rights to legalize and regulate Cannabis. During his first year he has failed to make good on these promises especially by appointing the crazy Jeff Sessions. Sessions clearly is on a personal campaign to end the legalization of Cannabis. In January Sessions rescinded the Cle Memo of 2014 that made the federal enforcement lax and allowed the states a free rein to go ahead with decriminalization and legalization. As of this writing the raids on state licensed Cannabis has not started. I have written to my Congressman and Senator and urge all of you to do the same. The prohibition has to stop and we need to have our president back us up as he said he would !
Trump favors legalization!
Donald Trump has said in many interviews that he is in favor of total legalization of cannabis for medicinal use. The most famous was on the O’Reilly show back in early 2016 while he was on the campaign trail. Marijuana and Donald Trump are already politically entwined. He has also said he favored giving the states the right to choose how they handle the issue of adult recreational use. Any deviation from this thought of states right would seriously upset Republican policy. The Libertarian wing of the party is adamant about this.
The Cannabis Industry.
Investors and cannabis industry leaders are carefully watching what is going on. With the changes in state laws during the recent elections the mood of the country is in favor of ending the federal prohibition. Public opinion has almost reversed in the last 10 years. Pew Research polls say that 57 percent of U.S. adults believe marijuana should be legal, while just 37 percent say it should be illegal. 89 percent of the nations citizens polled feel that medicinal marijuana should be legal and readily available to the public. More and more individuals are getting the benefits of the medicinal use of this plant, while it could also benefit many other industries. Paper being one. Studies have proven that 1 acre of hemp can produce 4 times the paper than an acre of trees. doing it all without any of the toxic by products that tree pulp making has. There are implications for the textile industry along with fuel and the building and manufacturing industries.
An enemy in the Cabinet.
Trump has appointed Senator Jeff Sessions as Attorney General and this has people in the movement worried. Sessions has been an enemy of change in cannabis policies. He has stated “We need grown-ups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized.” We need to be mindful of the fact that the Attorney General serves the President and it is not likely he will go against Presidential policy. And Trump was very vocal saying he was 100 percent in favor of medical cannabis. Political analysts believe that Trump will be a very influential policy leader and that his cabinet will fall in line or get “FIRED” as Trump made himself famous for in his hit TV series The Apprentice.
The Political Climate.
It would be suicide for the Trump administration to change its stand on the issue as the general public that voted for him overwhelmingly supported cannabis law changes. Voters in Florida, Arkansas, Montana and North Dakota approved initiatives allowing the expansion of access to medical cannabis. Along with voters in California, Maine, Nevada and Massachusetts approving laws for adult recreational use. That brings the total to 28 states and the District of Columbia that have legalized some form of marijuana use. Crucial states to the Republican victory like Ohio Pennsylvania and Florida all have measures approving cannabis use. There was an amazing trend of cannabis supporters also supporting Donald Trump. It would be foolish for Trumps administration to spend any money battling this movement. Making America great again will take Trump standing behind his campaign rhetoric.
There are also massive economic reasons for letting the cannabis industry grow legally and be taxed. The legal cannabis industry was worth 5.4 billion in 2015 and is expected to top 6.7 billion in 2016 according to ArcView Market Research. Investment banks like Cowen and Co. are predicting the industries worth to hit 50 billion in ten years. Any savvy politician can see the economic implications that could have. The states that have legalized adult use already are reaping giant revenues. Colorado alone collected 135 million in fees last year. Colorado taxes marijuana with its regular 2.9 percent sales tax and a 10 percent additional cannabis sales tax, with a 15 percent excise tax on wholesale marijuana transfers. $5 million of that was earmarked for building schools. The Colorado cannabis industry is responsible for generating 18,000 full time jobs and having over a 2 billion dollar economic impact on the state. Another state where it is legal is Washington and their coffers are enjoying a 37 percent excise tax! These states are seeing an economic shift that the rest of the country can’t ignore.
Trump being a business man the economic impact will play a big role for him. He is very attune to ways of lowering the national debt and balancing the budget. No one knows how he really feels morally on the issue but marijuana and Donald Trump are sure to be in the news together as his administration takes office and gets ready to lead our country for the next four years.
As all these issues effect us everyday I would like to hear your views and opinions. Leave a comment or reply here on the site or shoot me an email at email@example.com
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Thanks for stopping by, Dennis Darragh