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Donald Trump On Weed Legalization: What's In Store For Marijuana Stocks?

Submitted by Marijuana News on Mon, 01/16/2017 - 08:45

While Canada is on the brink of legalizing Cannabis country-wide in 2017, the U.S is still engulfed in skepticism and legal ruffle about the substance. The election of Donald Trump wasn’t good news for the marijuana industry. As with most issues, Trump isn’t clear about his stance on pot. But in the past, he had supported giving Schedule 1 or Schedule 2 status to marijuana. Schedule 1 status substances are considered federally illegal and perceived to have no medical benefits, whereas Schedule 2 substances are considered to have some medical benefits, but with addictive ingredients. Experts think that even if Marijuana gets Schedule 2 status, things won’t be too easy for companies dealing in it, as they would come under the control of the FDA, which would control the THC content (the psychoactive component of marijuana) in their batches, along with putting in other restrictions.

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