The marijuana industry is facing an existential threat. Of course, cannabis has always faced an existential crisis, when you think about it. But facing an incoming President Trump presents a whole new set of obstacles. During the 2016 election, voters really didn’t have an incredibly solid idea of where either candidate stood on the topic of marijuana. While neither directly said they wanted to pull the plug on legalization, there were fears that the incoming president could take a drastically different approach than President Obama had.
Even now, with Trump in the White House, we still don’t know what’s going to happen. So far, it doesn’t look good. Trump nominated Jeff Sessions, a man who has remained staunchly opposed to marijuana, to be his Attorney General. That was a bad sign, especially since Sessions was confirmed.
But Trump is also a businessman who adores adoration. It’s hard to think he would want to use the federal government to squash the cannabis industry, put thousands out of work, erase massive amounts of tax revenue, and go against public opinion. For a man who wants to be respected, this would likely not do the trick. As such, here we are — still without an inkling as to what might happen.
A new report from MJBizDaily has taken the initiative, however. The report lays out the five ways in which President Trump can handle the marijuana industry, ranging from a full-on shutdown to full-fledged support. On the next several pages, we lay out those five scenarios.
Here are the five ways things could shake out for the marijuana industry under Trump’s reign.