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What Trump’s Second Term Means For The Marijuana Industry

Keegan MacDonald by Keegan MacDonald
November 12, 2024
in Featured, Politics
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Former President Donald Trump has reclaimed the White House, defeating Vice President Kamala Harris. Trump’s campaign combined a hardline stance on illegal drugs with unexpected support for limited marijuana reforms, including the rescheduling of cannabis and allowing state-level legalization efforts to continue.

While Trump’s campaign speeches were often punctuated by calls for severe penalties for illegal drug dealers—including advocating for the death penalty—he took an unusual turn by endorsing a Florida ballot initiative to legalize recreational marijuana. Despite Trump’s support, the initiative narrowly failed, falling short of the 60% threshold needed to pass as a constitutional amendment.

Trump’s cannabis policy, however, remains a balancing act. He supports access to banking services for the marijuana industry, aligning with recent federal moves to reschedule cannabis—a process begun under President Biden. But whether Trump will push Congress to enact broader reforms when he assumes office in January remains uncertain, particularly as Republican lawmakers have historically opposed marijuana legalization efforts. GOP leaders have regained control of the Senate, while the House’s partisan balance remains in flux.

This campaign stance marks a shift from Trump’s first term, where he expressed lukewarm support for state-level cannabis rights but took no decisive steps. In fact, his former attorney general, Jeff Sessions, rescinded guidance that discouraged federal enforcement in states with legalized marijuana.

Trump also leveled sharp criticism at Harris’s record on cannabis prosecutions, arguing she was overly punitive during her tenure as California’s attorney general—a charge her supporters say misrepresents her full record.

Despite his evolving position on marijuana, Trump’s overall stance on drugs is severe. He has proposed new legislation to combat illegal trafficking, particularly from drug cartels, and continues to advocate for harsh penalties against major drug offenders.

In the coming months, all eyes will be on Trump to see if his administration will back meaningful cannabis reform. His stance could pave a path for reform-minded Republicans or signal continued federal opposition to legalization. As Trump prepares to begin his second term, the future of cannabis policy in the U.S. remains as complex as ever.

Read the whole article from MarijuanaMoment here.

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