How the Trump administration is impacting the multi-billion-dollar marijuana industry

The pot industry is one of the fastest growing in the country — projected sales this year are in the billions. But with a new administration at the helm in Washington, D.C., one that is potentially less friendly to legalization, marijuana entrepreneurs and investors alike are dealing with uncertain times.

Startups, analysts and investors convened this week at Marijuana Business Daily's Conference and Expo right outside the nation's capital in Oxon Hill, Maryland. The topic on everyone's minds: what the marijuana industry looks like under a Trump presidency, as Attorney General Jeff Sessions and Press Secretary Sean Spicer have signaled the potential for stricter enforcement at the federal level, where marijuana is technically illegal. The Department of Justice did not immediately respond to request for comment.

"I am concerned about what I am hearing, but we've been through several administrations at this point, and this is a matter of states'

e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: