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Phrase. If things happen thick and fast, they happen very quickly and in large numbers. The rumours have been coming thick and fast. Distress calls were pouring in thick and fast from all over the area. Collins
CEO Boris Jordan believes Trump could finally break the federal reform logjam.
The nationās largest cannabis company says it is already engaging with Donald Trumpās transition team, betting the president-electās pro-business stance and campaign promises could revive an industry rattled by Floridaās 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.
āFor 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. āWith 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 Trumpās election night rhetoric was particularly encouraging.
āTrump closed his speech last night by saying āpromises made, promises kept.ā Weāve 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.
āIn 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 Tuesdayās 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 Floridaās 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 Floridaās Police Benevolent Association president, expressed similar doubts about a recreational marijuana bill.
āA 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 āfollow-up conversations to talk about the amendmentāwhat it does and and what I think it will do here in Floridaāand the policy surrounding it, and politically, why I think itās a winner.ā
āWe discussed the policy at length. Here in Florida, itās common sense,ā Gruters said. āPresident Trump is certainly trying to make inroads with the younger demographics, where I think a lot of these votersācertainly undecided onesāwhere this can make a big difference. And I think that certainly had a role.ā
Gruters, who said heās known Trulieveās Rivers since college, said heās aware that the CEO spoke with Trump about the issue, but he isnāt 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 āa lot of people that were trying to talk him out of saying anything niceā about legalization, the senator said.
āLike any major policy decision, heās going to get input from lots of people, but Iām 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 Momentās queries by claiming that its headline is āmisleadingā and that the reporting unfairly focused on Rivers given that other industry stakeholders also allegedly communicated with Trump. āSingling 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 heās starting to āagree a lot moreā that people should not be criminalized over marijuana given that itās ābeing legalized all over the countryāāadding that he will āfairly soonā reveal his position.
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