DENVER — America’s fast-growing marijuana industry appears poised for supercharged growth after winning what cannabis entrepreneurs see as approval from the Trump administration to forge ahead.
The legal marijuana market was already growing exponentially despite fears of a federal crackdown under Trump and Attorney General Jeff Sessions, but Trump’s signal that he’ll respect state legalization may swing open the floodgates by reassuring traditional investors, entrepreneurs and local lawmakers that it’s OK to jump in.
Across the nation, risk-takers have poured billions of dollars into the industry while knowing they could be arrested by federal agents at any moment.
They’ve built — largely unseen — a powerful network of businesses poised to take advantage of a more favorable federal climate. That industry has already woven itself into the fabric of the states where pot is legal, providing tens of thousands of jobs and generating billions of dollars in new tax revenues…
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(President Trump Approval Promises Substantial Growth for Cannabis Industry – Weed Finder News | Article Credit: USA Today)