Will Trump push to re-schedule marijuana before 2018 midterms?

[eleganz]

Seems like something he would do....


And then legalize for 2020 re-election?

[CPUd]

There is a slight demographic problem:

http://i.imgur.com/h2OCtkY.png

[dannno]

There is a slight demographic problem:

http://i.imgur.com/h2OCtkY.png

Well clearly since they elected Trump who was ok with states legalizing it, it is a bit further down on the list of important issues than it used to be.

[CPUd]

Well clearly since they elected Trump who was ok with states legalizing it, it is a bit further down on the list of important issues than it used to be.

States legalizing it usually means ballot measures, this is going to turn out people who either voted Democrat or Anyone But Hill in 2016. Run a Democrat who simply has to say they are good with it just like Trump, then there is no political advantage for the GOP and they just end up pissing off the old folks who always vote.

[eleganz]

Yea but people who love Trump love Trump and at the very least, rescheduling marijuana won't change that.

I know this is low on the priority list but to leave this for the mid-terms or re-election would be wise and seems like something Trump would do.

[Zippyjuan]

http://money.cnn.com/2017/03/01/investing/marijuana-stocks-trump/


Trump is a buzzkill for pot stocks

Pot stocks have been getting killed since last week, when the White House signaled it would get tough on marijuana.

The share price for Innovative Industrial Properties (IIPR), which buys buildings and leases them to growers of medical marijuana, has dropped every trading day since then, a total of nearly 8%.

That includes a 5% drop on Friday, the day after White House press secretary Sean Spicer predicted "greater enforcement" of federal pot laws.
Smaller marijuana stocks have taken a beating, too.

A penny stock called Weed Inc. (BUDZ), which purchases land to lease to growers, plunged 10% the day after Spicer's comments. Other penny pot stocks including Medical Marijuana (MJNA), Hemp Inc. (HEMP), GrowLife (PHOT) and Pineapple Express (PNPL) suffered steep declines that same day.

The White House has drawn a distinction between medical and recreational pot.

"The president understands the pain and suffering that many people go through who are facing especially terminal diseases and the comfort that some of these drugs including medical marijuana can bring to them," Spicer said last week.

But investors could be fleeing medical marijuana companies, too, because their options for growth into recreational have become narrower.

"Business decisions regarding the recreational part of the industry are going to be under a cloud for the foreseeable future," said Isaac Boltansky, Washington policy analyst for Compass Point Research & Trading.

Pot stocks are heading in the opposite direction from the Dow, which has been hitting record highs.

Innovative Industrial Properties announced its plans to go public last October. It seemed like a good idea at the time: More and more states have voted to legalize marijuana, both medical and recreational, in recent years.

And on Election Day, eight more states legalized pot in one form or another. But Trump was also elected, and his administration has not been friendly to the movement.

Marijuana remains a Schedule I controlled substance, which makes it illegal and equal to heroin in the eyes of the federal government. The Obama administration took a more relaxed stance with marijuana. In 2013, the Justice Department said it wouldn't challenge state laws legalizing it.

By contrast, Trump's attorney general, Jeff Sessions, told the National Association of Attorneys General this week that he was "dubious" about pot and that "we don't need to be legalizing marijuana."

"States, I guess, can pass whatever laws they choose," he said. "But I'm not sure we're going to be a better, healthier nation than if we have marijuana being sold at every corner drugstore."

[phill4paul]

Why? Is Trump floating another trial balloon?

[TheTexan]

How would he reschedule marijuana, it's already at the highest, most restrictive schedule, it can't really go any higher.

Perhaps an ever higher schedule might be in order though, one that prohibits states from trying any funny business like they're doing now

[phill4paul]

How would he reschedule marijuana, it's already at the highest, most restrictive schedule, it can't really go any higher.

Perhaps an ever higher schedule might be in order though, one that prohibits states from trying any funny business like they're doing now

Like putting whole states in prison? Building a wall around them and charging other states to house, feed, cloth and give them medical care?

It's true. Everything is bigger in Texas. Especially ideas.