Shift in Republican Stance on Cannabis #

The Republican perspective on the cannabis industry is not as adverse as it once was, yet this does not translate into active support for the sector. A likely scenario for cannabis companies is that the status quo will persist throughout a second Trump administration.

Cannabis investors faced disappointment following the election, which dealt a triple setback: Donald Trump’s victory, the Republican control of Congress, and the defeat of a ballot initiative to legalize adult-use marijuana in Florida. Subsequently, the AdvisorShares Pure US Cannabis ETF, which tracks American pot stocks, has dropped nearly 33% since Election Day.