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What’s next for U.S. marijuana industry under President Trump?

What’s Next For U.S. Marijuana Industry Under President Trump?

Published: Nov 9, 2016, 1:23 pm • Updated: Nov 10, 2016, 4:22 pm By Alicia Wallace, The Cannabist Staff Election 2016 proved momentous for the marijuana industry.Nine states decided whether to legalize the medical use of marijuana or allow recreational use for adults, and voters in at least seven of them — notably California — supported those moves. Success of the ballot measures were projected to vault cannabis to a $21 billion industry by 2020, according to market research firm New Frontier Data and Arcview Market Research, marking a slight increase from its pre-election estimate.But Tuesday’s big victory for marijuana legalization proponents was tinged with uncertainty. The 29 states with medical marijuana laws and those that now have recreational use regulations would be growing their markets under Republican President-Elect Donald J. Trump.Both Trump and Democratic nominee Hillary R. Clinton had said they favored states’ rights and indicated they would not dismantle existing...

See Article on The Cannabist HERE