Katelyn Baker
Well-Known Member
The impending Trump presidential administration may come with a number of concerns, but making weed illegal again won't be one of them, industry experts suggest.
President-elect Donald Trump will likely not use his resources to change state marijuana laws, according to a note shared on the International Cannabis Business Conference website.
"Despite the obvious thrill he gets from antagonizing opponents, the truth is the Donald wants to be popular," writes the ICBC. "And there is no more popular political issue today than marijuana legalization."
ICBC representatives believe that Trump will likely embrace the legal cannabis market due to its potential to generate billions into the economy.
According to the ICBC:
As a businessman, Trump necessarily views things through a capitalist and market-based lens. The economic opportunity that comes along with a legal marijuana market, specifically the California market, coupled with enormously popular support which cuts across party lines, makes it unlikely the new administration will spend a great deal of time and effort to enforce cannabis prohibition in the coming years.
Industry analysts predict that the country's combined legal pot market will pass $20 billion, while California itself could make around $6.5 billion by 2020.
Despite the all the confident projections, ICBC representatives advise marijuana law reform advocates to remain cautious.
"For those working in the cannabis world, it will be important to remain vigilant. We must push for sensible policies by supporting organizations like the Drug Policy Alliance, and staying informed of current events..." say the ICBC.
California's potential billion dollar legal marijuana industry will be discussed in full detail at the upcoming International Cannabis Business Conference held in San Francisco the weekend of February 16-17. Tickets are available now.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Trump Won't Stop California's Legal Marijuana Industry, ICBC Predicts
Author: Oscar Pascual
Contact: SFGate
Photo Credit: None Found
Website: SFGate
President-elect Donald Trump will likely not use his resources to change state marijuana laws, according to a note shared on the International Cannabis Business Conference website.
"Despite the obvious thrill he gets from antagonizing opponents, the truth is the Donald wants to be popular," writes the ICBC. "And there is no more popular political issue today than marijuana legalization."
ICBC representatives believe that Trump will likely embrace the legal cannabis market due to its potential to generate billions into the economy.
According to the ICBC:
As a businessman, Trump necessarily views things through a capitalist and market-based lens. The economic opportunity that comes along with a legal marijuana market, specifically the California market, coupled with enormously popular support which cuts across party lines, makes it unlikely the new administration will spend a great deal of time and effort to enforce cannabis prohibition in the coming years.
Industry analysts predict that the country's combined legal pot market will pass $20 billion, while California itself could make around $6.5 billion by 2020.
Despite the all the confident projections, ICBC representatives advise marijuana law reform advocates to remain cautious.
"For those working in the cannabis world, it will be important to remain vigilant. We must push for sensible policies by supporting organizations like the Drug Policy Alliance, and staying informed of current events..." say the ICBC.
California's potential billion dollar legal marijuana industry will be discussed in full detail at the upcoming International Cannabis Business Conference held in San Francisco the weekend of February 16-17. Tickets are available now.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Trump Won't Stop California's Legal Marijuana Industry, ICBC Predicts
Author: Oscar Pascual
Contact: SFGate
Photo Credit: None Found
Website: SFGate
