$MJNA $PMCB $TRTC $IDGC The No. 1 Opponent of Cannabis (and Cannabis Investors) Could Be History
By MICHAEL A. ROBINSON, Defense + Tech Specialist, Money Morning • @Robinson_STI • May 9, 2017
https://moneymorning.com/2017/05/09/the-no-1-...e-history/
Earlier this year, I released my 2017 "pot stock" forecast. You can access it here, but the bottom line is this forecast was as bullish and enthusiastic for cannabis investing as you can get. And recent gains in pot stocks (like those I recommended for my Nova-X Report readers in the Roadmap to Marijuana Millions "basket" of stocks) prove my optimism was well-founded.
But the "$64,000 question" was whether the new administration would continue the hands-off approach to states' legalization… or whether we could see some kind of draconian crackdown that would see thousands imprisoned and millions in pot stock profits go up in smoke.
Well, we just got the loudest, clearest signal yet of exactly how this is going to go…
America's Top Cop Is a Real Marijuana "Flat-Earther"
During the election campaign, Trump the candidate indicated he was in favor of medical marijuana and letting the states' "laboratories of democracy" take whatever approach they saw fit to meet their needs.
Then Trump and the cannabis sector went on to have a pretty "yuge" Election Night on Nov. 8. Trump won the White House, of course, and voters in eight states opted to take marijuana 100% legal and above-board, bringing to 30 the number of states (including D.C.) in the Union with some kind of legal weed provisions.
But then Trump won the White House and nominated then Sen. Jeff Sessions for the post of attorney general…
his sent pot stocks, some of which can be volatile, reeling this February. I recommended sitting tight and buying more of the best cannabis shares, but I admit it was easy to see why investors panicked.
Jeff Sessions isn't what you'd call "forward thinking" on the subject of legal recreational or even medical marijuana. In other words, he's a staunch prohibitionist cut from old-school "Drug Warrior" cloth.
Here are some of the nicer things he's said about it recently:
…"I'm definitely not a fan of expanded use of marijuana."
…"Good people don't smoke marijuana."
…"We need grown-ups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized, that it is in fact, a very real danger."
That tells investors everything they need to know about Sessions' perspective on this booming investment niche.
By MICHAEL A. ROBINSON, Defense + Tech Specialist, Money Morning • @Robinson_STI • May 9, 2017
https://moneymorning.com/2017/05/09/the-no-1-...e-history/
Earlier this year, I released my 2017 "pot stock" forecast. You can access it here, but the bottom line is this forecast was as bullish and enthusiastic for cannabis investing as you can get. And recent gains in pot stocks (like those I recommended for my Nova-X Report readers in the Roadmap to Marijuana Millions "basket" of stocks) prove my optimism was well-founded.
But the "$64,000 question" was whether the new administration would continue the hands-off approach to states' legalization… or whether we could see some kind of draconian crackdown that would see thousands imprisoned and millions in pot stock profits go up in smoke.
Well, we just got the loudest, clearest signal yet of exactly how this is going to go…
America's Top Cop Is a Real Marijuana "Flat-Earther"
During the election campaign, Trump the candidate indicated he was in favor of medical marijuana and letting the states' "laboratories of democracy" take whatever approach they saw fit to meet their needs.
Then Trump and the cannabis sector went on to have a pretty "yuge" Election Night on Nov. 8. Trump won the White House, of course, and voters in eight states opted to take marijuana 100% legal and above-board, bringing to 30 the number of states (including D.C.) in the Union with some kind of legal weed provisions.
But then Trump won the White House and nominated then Sen. Jeff Sessions for the post of attorney general…
his sent pot stocks, some of which can be volatile, reeling this February. I recommended sitting tight and buying more of the best cannabis shares, but I admit it was easy to see why investors panicked.
Jeff Sessions isn't what you'd call "forward thinking" on the subject of legal recreational or even medical marijuana. In other words, he's a staunch prohibitionist cut from old-school "Drug Warrior" cloth.
Here are some of the nicer things he's said about it recently:
…"I'm definitely not a fan of expanded use of marijuana."
…"Good people don't smoke marijuana."
…"We need grown-ups in charge in Washington to say marijuana is not the kind of thing that ought to be legalized, that it is in fact, a very real danger."
That tells investors everything they need to know about Sessions' perspective on this booming investment niche.
