No Matter What The Administration Does, States Will Continue To Issue Cannabis Licenses To A Long Line Of Applicants And Licensed Cannabis Outlets Will Continue To Have Long Lines Of Consumers Ready To Purchase This Product, Dayton Said In A Statement.

An annual growth rate of 27% is likely to continue over the next four years, even if Trump’s administration and the US Department of Justice opposes the industry, the report predicts. Despite uncertainty caused by “mixed signals coming out of the administration,” Troy Dayton, CEO of Arcview Market Research, says it will not impact the growth of the market. “No matter what the administration does, states will continue to issue cannabis licenses to a long line of applicants and licensed cannabis outlets will continue to have long lines of consumers ready to purchase this product,” Dayton Marijuana Stocks said in a statement. The industry is at a crucial inflection point. More Americans favor legalizing marijuana outright than ever before, but at the same time, many of their representatives in the nation’s capital oppose it. While the Trump administration has yet to take a definitive stance on the drug, which remains Schedule I under the Controlled Substances Act, there have been hints of a crackdown. View photos Jeff Sessions More (Attorney General Jeff Sessions is a staunch opponent of marijuana in all forms.AP Photo/Brynn Anderson, file) In recent weeks, Attorney General Sessions shook the industry when he vowed to ramp up enforcement of drug crimes . He has railed against medical marijuana and made claims that increasing access to the drug will cause opioid and heroin addiction and overdose rates to rise, despite research in states that have legalized medical marijuana that refutes this theory. Press Secretary Sean Spicer also gave an ominous warning to the industry. At adaily news briefing at the White House in February, Spicer said the marijuana industry willsee a”greater enforcement” of federal laws under the Trump administration.

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