The marijuana legalization movement scored a big victory on Election Day when medical and/or recreational marijuana was legalized in eight of the nine states it was on the ballot. Now that the votes are counted, marijuana supporters and investors are shifting their focus to President-elect Donald Trump to determine what, if any, marijuana policies he will impose.
Comments From Christie
New Jersey governor and former head of Trump’s transition team Chris Christie made some inflammatory statements about marijuana during a radio interview this week.
“Every study* shows that marijuana is a gateway drug,” Christie said.
“There’s nothing that we spend in government that’s important enough to allow me to willfully poison our children for that money. That’s blood money.”
Trump has said he supports legal access to marijuana and is in favor of states setting their own laws on the matter.
However, marijuana investors were unsettled by the recent news that Trump appointed Sen. Jeff Sessions of Alabama as the new attorney general. Back in April, Sessions said that the government needs to foster “knowledge that this drug is dangerous, you cannot play with it, it is not funny, it’s not something to laugh about […] and to send that message with clarity that good people don’t smoke marijuana.”
420 Investor Alan Brochstein Responds
Alan Brochstein, founding partner at New Cannabis Ventures and founder of 420 Investor, told Benzinga that marijuana’s momentum hit a wall with Sessions’ appointment.
“Politicians like Sessions and NJ Gov. Chris Christie don’t understand how legalizing and regulating cannabis is safer for children than the black market, which persists despite decades of failed efforts to curtail it,” Brochstein explained.
Brochstein hopes that Trump’s policies on marijuana will be consistent with his past statements on states’ rights and economic growth.
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