Cannabis signals from Trump growing increasingly murky | Where to order Skittles Moonrock online
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Cannabis industry insiders may have grown weary of peering into their crystal balls to determine whether federal reform of any kind is on the horizon during the new Trump administration, but it doesnāt appear that the murkiness will lift anytime soon.
Thatās in spite of the president nominating a cannabis champion as drug czar and marijuana-funded ads running on televisions at Mar-a-Lago. Trump hand-picked former journalist Sara Carter to lead his Office of National Drug Control Policy, and in a social media post praised her reporting on the āFentanyl and Opioid Crisis.ā
Carter has called medical marijuana āfantasticā and said she has no problem with federal cannabis legalization as long as the industry is āmonitored,ā Marijuana Moment reported this week.
However, Carterās vocal support for cannabis in general comes in stark contrast to positions taken by other key Trump appointees, including Attorney General Pam Bondi, who opposed medical marijuana legalization in her home state of Florida, and Trumpās choice to lead the Drug Enforcement Administration, Terrance Cole.
One of the cabinet members with which Carter may somewhat align is Health and Human Services Secretary Robert F. Kennedy Jr., who has in the past also been vocally supportive of marijuana reform, but who has since backed away from that position somewhat since joining the Trump administration.
That said, Carterās previous vocal support will likely have little impact, since itās literally against federal law for her as drug czar to support either rescheduling or legalization of marijuana or any other Schedule I narcotic. So itās still very unclear what, if anything, her appointment will signify for cannabis business interests.
The Trump administration in general stayed silent on the topic when he retook office in January, although the presidential transition team did try to quietly sneak a version of the SAFE Banking Act into an omnibus spending bill in December, according to CNN. That attempt followed a campaign promise by Trump last fall, in which he said heād be voting in favor of the Florida ballot measure to legalize recreational marijuana (the ballot question failed anyway), and also asserted his support for federal marijuana rescheduling and other reforms that appeared to be gaining steam under President Joe Biden.
The rescheduling process ā which would deliver billions in tax savings to the U.S. marijuana industry if itās ever completed ā has been stalled for months since Trump took office, and thereās not yet any signs itāll be put back on track. A White House spokesperson recently told CNN that āno action is being considered at this timeā on marijuana reform, and Trumpās own social media post about Carter didnāt mention cannabis.
Not content to rest on their laurels, however, a marijuana-backed political action committee called American Rights and Reform PAC has cobbled together a pair of TV ads that will be running in both Washington, D.C., and the West Palm Beach area, which includes Trumpās resort Mar-a-Lago, where heās known to spend much of his free time.
The ads, first reported by Marijuana Moment last month, are seemingly written specifically with Trump in mind, and lambast both Biden and Canada, two of the presidentās favorite targets. The PAC spent over $1 million on the ads, CNN reported, and apparently Curaleaf Holdings (CURA:CA) (TSX: CURA) (OTCQX: CURLF) helped pay for the effort. The ads both argue that Trump would benefit politically from enacting federal marijuana reform.
āThis is an America First fight,ā one of the ads intones, invoking a key political theme of Trumpās. āPresident Trump had the courage to sign Right to Try, healing American patients. Letās do it again. Reschedule cannabis and put American first.ā
Given how mercurial Trump can be depending on whoās bending his ear ā and the variety of opinions in his administration on the topic of marijuana ā the approach may just work. At this point, the industry has precious little left to lose.


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