It’s been a whirlwind week-and-a-half since Donald Trump took office. In his first 10-1/2 days, Trump has issued more executive orders and proclamations than any other modern-day president. Last night, the trend of action continued, with the American public privy to another long-awaited decision from the Trump administration: the nomination of Neil Gorsuch to the Supreme Court.
This nomination is obviously a big deal with a vacancy needing to be filled since the passing of former Justice Antonin Scalia in Feb. 2016. Having a ninth Justice added to the highest court in the land should resolve the possibility of any voting stalemates, and it could wind up shaping policy in America for years or decades to come.
While there are a number of big issues and industries that could be impacted by the Gorsuch nomination (should he be confirmed), the marijuana industry and marijuana stocks have to be wondering how this nomination could impact them.
Marijuana and marijuana stocks at a crossroads?
In recent years, the cannabis industry has been scorching hot. Last year alone, five new states approved medical pot for legal use, while the number of recreation-legal weed states doubled to eight from four. Without Arizona, where a recreational marijuana measure failed by just two percentage points, marijuana initiatives would have had a clean sweep in the November elections.