Advertisment: Rimol Greenhouse Systems » Rimol Greenhouse Systems Order 72 » CBT ROS 970x250 Billboard July 2025 » CBT billboard Rimol

Trump Election Night Victory Has Cannabis Industry Concerned


The legal-weed industry that celebrated victories in eight states last week is now warily eyeing the coming Trump administration. Four words stoking angst at the moment: Attorney General Rudy Giuliani.

The former New York City mayor is just one of several people floated as potential picks, but his fervent anti-marijuana stance has made him a focus as investors, retailers, growers and others in the cannabis business gather this week in Las Vegas for two big conferences. While President-elect Donald Trump has sent mixed signals, many in his inner circle are no fans of legalization. The next U.S. Justice Department could easily ditch the noninterference policy in force since 2013. Pot is illegal under federal law.

Advertisment: Frank Mayer » Frank Mayer Order 84 » CBT ROS Medium Rectangle 300x250 July 2025 » CBT Web Ad - July 2025
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

“We’re looking at worst-case scenarios,” said Emily Paxhia, managing director of Poseidon Asset Management LLC in San Francisco, which has invested more than $10 million in cannabis ventures.

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1

Voters in California, Maine, Massachusetts and Nevada on Nov. 8 raised to eight the number of states where, come January, recreational-pot use won’t be a crime. Trump’s victory over Hillary Clinton “definitely muted the celebrations,” Paxhia said.

Read more

Advertisment: Frank Mayer » Frank Mayer Order 84 » CBT ROS Medium Rectangle 300x250 July 2025 » CBT Web Ad - July 2025
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle July 2025 » D53_Cannabis-Business-Times_300x250_v1
Page 1 of 656
Next Page
Advertisment: Greentank » Greentank Order 111 » CBT ROS Mobile Adhesion 360x120 July 2025 » GT AC ADS 600X200@2x