Four members of the U.S. congress are banding together to protect the growing marijuana industry.
The Cannabis Caucus is a Bipartisan Group of Congressmen
Republican congressmen Dana Rohrabacher of California, Don Young of Alaska and Democrats Earl Blumenauer of Oregon and Jared Polis of Colorado.
Their goal is to shape policy that bridges the gap between federal laws banning marijuana states that have legalized whether for medical or recreational purposes.
New Politics & Uncertainties
Three years ago, Congress passed a bill that prohibited the Justice Department from using federal funds to target cannabis operations that comply with local laws. But the Trump administration has cast a cloud of uncertainty on a burgeoning legal marijuana industry that saw more than $6.5 billion in legal sales in the U.S. last year—a number that is estimated to reach $25 billion by 2020, according to market researcher GreenWave Advisors.
While Trump himself has publicly voiced support for cannabis industry, there are questions about how his administration will treat states that have legalized it. The largest reason for concern in the marijuana industry is Trump’s recently-confirmed Attorney General, Alabama Senator Jeff Sessions, who has a long history of opposition to marijuana legalization.
The White House has indicated that Sessions will follow President Trump’s lead on the issue.