Trump's Cannabis Reforms Could Hand Altria A Fortune (NYSE:MO)

Trump's Cannabis Reforms Could Hand Altria A Fortune (NYSE:MO)

Trump's comments make cannabis rescheduling a near-term possibility, strengthening Altria's potential to benefit from U.S. cannabis reform.

Trump's shaky trial balloon on cannabis * WorldNetDaily * by Andy Schlafly

On Monday, President Trump floated a trial balloon to downgrade the federal ban on marijuana, and cannabis stocks skyrocketed by 25-40% on the news. This pro-marijuana change is something that the pot industry had hoped Biden would do for them, but never expected it from the Republican side. Last November, 4 out of 5 Republican states defeated heavily funded ballot initiatives to legalize marijuana, with more than 75% of Trump’s supporters votin…

Trump’s Cannabis Comments Stoke Altria Bet

Altria Group could be in line for a fresh source of growth if the Trump administration moves ahead with a long-anticipated change to federal cannabis rules. President Trump said Aug. 11 that cannabis reclassification is “under review” and a decision could come “in the next few weeks,” raising expectations the drug could be moved from the federal government’s strict Schedule I category to the less restrictive Schedule III. Such a change would lif…

Cannabis could be secret weapon for Republicans

When it comes to the issue of cannabis reform, the vast majority of Americans are on board. But what if you break it down by political party? The recent news that the Trump administration is considering reclassifying marijuana on the federal level revealed a flurry of opinions among conservative pundits. Some argue the plant hurts America more than it helps—but others believe pot could actually unite the party. Overall, the majority of Republica…