The president-elect may not be a hardliner, but he’s surrounded himself with them.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek.
Arkansas Governor Asa Hutchinson (R), a legalization opponent and former DEA chief, said the process requires federal input. “It’s an example of the states innovating in a risky area, and certainly the states are leading on this, but we’re to a point that the federal government is going to have to readdress this,” he said. “This does not call for a state-by-state solution, it calls for … a national solution.”
This is an early indication that the cannabis industry will be harder for the Donald Trump administration to ignore than it was for the Obama administration.
Vice president elect Mike Pence (R) has replaced New Jersey Governor Chris Christie as head of Trump’s transition team. Both are known for their hardline stances against legalization, as is former New York City Mayor, Rudy Giuliani, a possible attorney general in the administration.
Drug Policy Alliance head Ethan Nadelmann said, “the federal government retains the power to hobble much of what we’ve accomplished…The progress we’ve made … will be very much at risk when Donald Trump enters the White House.”
Vivian Azer, a stock analyst with Cowen, predicts cannabis will be a low priority for Trump.
Rep. Earl Blumenauer (D.-Ore.), probably pot’s best friend in Congress, said he thinks the industry’s priorities for banking and tax reform could both pass a Republican Congress under President Trump.