Trump’s Name Shows Up In Filings Of Less Than 14% Of All Companies, But The Stakes Are Much Higher For Firms That Have Bet On The Federal Government Taking A Hands-off Approach To Marijuana Policy.

“The risk clearly still exists,” Azer said. “I rule out nothing with the Trump administration.” States saw this risk coming, though. And with nearly a quarter of Americans living in places where adult use of marijuana was legalized medical marijuana during the last election , places like California and Colorado are prepared to push back against the federal government. Trump’s name shows up in filings of less than 14% of all companies, but the stakes are much higher for firms that have bet on the federal government taking a hands-off approach to marijuana policy. “There is a material risk that if the Obama era policies regarding cannabis are not followed, our business could end and investors could lose their total investment in our Company,” wrote The Marijuana Company of America. Why Weak Diversity Numbers Are Better Than No Diversity Numbers The vast majority of public companies in the cannabis industry trade on over-the-counter markets, as penny stocks, where they have less stringent requirements than the Securities and Exchange Commission requires of firms traded on the national market systems, like the New York Stock Exchange. Six of the marijuana companies filed documents mentioning Attorney General Sessions specifically, who has been outspoken in his opposition to legalized cannabis. In April 2016 Sessions said “good people don’t smoke marijuana” and called it a “real danger”. In the 1980s, as a U.S. Attorney in Alabama, he said he thought the Ku Klux Klan “were OK until I found out they smoked pot.” A May letter from Sessions to Congressional leaders asking them to let him prosecute medical marijuana surfaced just this week.

To read more visit http://fortune.com/2017/06/13/marijuana-industry-growth-threatened-by-jeff-sessions-position-on-pot/

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