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Will Trump Sign Cannabis-Related STATES Act?

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Updated

Speculating on the possibility

The reintroduction of the STATES Act has revitalized hopes for US states, its territories, and Washington DC to have the right to determine how to regulate marijuana without interference from federal authorities. However, it has hurdles to cross before it becomes a law.

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The hurdles

The first hurdle this bill needs to overcome is Senate Majority Leader Mitch McConnell, who previously blocked the bill when it was first introduced in June last year. However, there is hope that his attitude towards this bill will soften given that a bill to legalize hemp passed last year. Senator McConnell himself introduced the Hemp Farming Act of 2018, which removed hemp from the list of Schedule 1 drugs.

If it passes the Senate, the last stop for the STATES Act will be President Trump. According to Politico, the co-sponsor of this bill, Senator Cory Gardner, indicated that he was assured by Donald Trump that the bill will be signed if it comes to him.

This makes us wonder whether Trump could also make legalizing marijuana one of his campaign promises given that Democrats are already making it a key issue. However, it is too early to tell whether a conservative party would be open to embracing marijuana legalization (MJ).

Nonetheless, Canopy Growth (WEED), Tilray (TLRY), Aurora Cannabis (ACB), and KushCo Holdings (KSHB) are already doing their groundwork in the US.

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