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CEO Boris Jordan believes Trump could finally break the federal reform logjam.

The nationā€™s largest cannabis company says it is already engaging with Donald Trumpā€™s transition team, betting the president-electā€™s pro-business stance and campaign promises could revive an industry rattled by Floridaā€™s failed legalization bid and ongoing federal prohibition.

Curaleaf Holdingsā€™ (CURA: CA) (OTCQX: CURLF) CEO Boris Jordan revealed the early outreach during a Wednesday earnings call.

ā€œFor the first time ever, both presidential candidates publicly touted pro cannabis stances on the campaign trail,ā€ Jordan told analysts after the company reported a $44 million quarterly loss. ā€œWith President-Elect Trump in office, we are hopeful that real federal reform, including rescheduling and SAFER Banking, can pass.ā€

The optimism stems from a September campaign pledge to support marijuana rescheduling and banking legislation, but Jordan also pointed out that Trumpā€™s election night rhetoric was particularly encouraging.

ā€œTrump closed his speech last night by saying ā€˜promises made, promises kept.ā€™ Weā€™ve already been in touch with his transition team to ensure that the new administration follows through on its commitments made to the industry,ā€ he said.

ā€œIn our expertise, historically, President Trump has put an effort to deliver on his campaign promises, and we see no reason why this time would be different.ā€

https://www.greenmarketreport.com/curaleaf-banks-on-trump-gop-support-for-federal-cannabis-reform/

WEST PALM BEACH, Fla. ā€” The CEO of the cannabis company that provided the bulk of the funding behind the proposed amendment to legalize recreational marijuana in Florida said she has no regrets, after voters failed to deliver the required 60% majority to pass the measure.

Amendment 3 got about 56% of the vote in Tuesdayā€™s election.

Trulieve is based in Florida, and is a major national brand for cannabis products. The company owns more than 150 locations in Florida alone.

According to campaign finance records, Trulieve contributed roughly $140 million to Smart & Safe Florida, the political committee in support of Amendment 3.

After the election, multiple people working in Floridaā€™s cannabis industry vowed to continue their efforts to legalize recreational marijuana, but were skeptical that it would be achieved through the legislature. Opponents of the issue, including Floridaā€™s Police Benevolent Association president, expressed similar doubts about a recreational marijuana bill.

ā€œA lot of people were talking to him,ā€ Gruters, who previously chaired the Florida Republican Party, told Marijuana Moment in a phone interview on Tuesday, adding that he and Trump had ā€œfollow-up conversations to talk about the amendmentā€”what it does and and what I think it will do here in Floridaā€”and the policy surrounding it, and politically, why I think itā€™s a winner.ā€

ā€œWe discussed the policy at length. Here in Florida, itā€™s common sense,ā€ Gruters said. ā€œPresident Trump is certainly trying to make inroads with the younger demographics, where I think a lot of these votersā€”certainly undecided onesā€”where this can make a big difference. And I think that certainly had a role.ā€

Gruters, who said heā€™s known Trulieveā€™s Rivers since college, said heā€™s aware that the CEO spoke with Trump about the issue, but he isnā€™t aware of the specific details of their conversation. Multiple cannabis executives have also reached out to the Trump campaign to discuss cannabis policy in recent months, he said.

At the same time that there was outreach in favor of the reform, there were also ā€œa lot of people that were trying to talk him out of saying anything niceā€ about legalization, the senator said.

ā€œLike any major policy decision, heā€™s going to get input from lots of people, but Iā€™m thankful to be in the circle where I could offer my opinion, and I think he values it,ā€ he said.

Marijuana Moment made repeated attempts to reach Rivers, Trulieve and the Trump campaign for clarification. Rivers initially answered texts and calls but declined to comment on the specific matter of discussions with Trump. Other representatives of Trulieve similarly provided no clarification on the meeting.

After this article was published, a Trulieve spokesperson responded to Marijuana Momentā€™s queries by claiming that its headline is ā€œmisleadingā€ and that the reporting unfairly focused on Rivers given that other industry stakeholders also allegedly communicated with Trump. ā€œSingling her out here is not helpful, not verified, nor appreciated,ā€ the spokesperson said.

In any case, shortly following the discussions with Rivers and Gruters, Trump said at a press conference last month that heā€™s starting to ā€œagree a lot moreā€ that people should not be criminalized over marijuana given that itā€™s ā€œbeing legalized all over the countryā€ā€”adding that he will ā€œfairly soonā€ reveal his position.

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