Presidential Pot
April 16, 2018
Canadian and U.S. marijuana stocks soared after it was announced that President Trump stands in support of legislation that reserves the right to legalize Marijuana to the states, despite a threat to the industry made by the U.S. attorney general, Jeff Sessions, just three months prior.
In Colorado, Senator Cory Gardner is attempting to reverse a decision made by Sessions in January that allowed federal prosecutors to pursue cases against citizens obeying Marijuana laws in states where the drug is legal for recreational use. Gardner commented that Trump pledged support of the legislation to him in a Wednesday night conversation.
“President Trump has assured me that he will support a federalism-based legislative solution to fix this states’ rights issue once and for all,” Gardner said in a statement. White House Press Secretary Sarah Huckabee Sanders said Gardner’s account was accurate and the president supported states’ rights in the matter.
This marks an action that contradicts the President’s personal distaste for State’s Rights, as made evident by the President’s statements calling recreational Marijuana “bad.”
Marijuana has been fully legalized in eight states, and 24 states allow some form of marijuana use.