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Marijuana businesses worry about Trump, but expect to prevail

WASHINGTON, DC - MARCH 27: (AFP OUT)U.S. President Donald Trump speaks during a bill signing ceremony in the Roosevelt Room of the White House March 27, 2017 in Washington, D.C. Trump signed four bills, H.J. Res 37, H.J. Res 44, H.J. Res. 57 and H.J. Res. 58, that nullify measures put in place during former President Obama's administration.  (Photo by  Andrew Harrer-Pool/Getty Images)
Cannabis News, Politics

“If Sessions picks this fight, he’s going to lose,” said Chistov, an investor in the Honest Marijuana Company in Colorado, the first of eight states that have legalized pot for non-medical use. “He’s going to be fighting against the money.”

Recreational pot is already for sale in Oregon, Washington and Colorado, where Chistov praises its benefits to the economy.

“I’m not changing my business plan one iota,” he said. “This is the winning strategy.” He said legal pot’s popularity will help him prevail against any possible federal intervention, which would cost too much tax money to implement effectively.

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Information source: money.cnn.com

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