Deciphering marijuana policy under the Trump Administration can be difficult, given differing statements by White House officials. Federal laws are at odds with a number of states that have legalized marijuana for medical and/or recreational use, and businesses like SinglePoint, Inc. (SING) (SING Profile), Corbus Pharmaceuticals Holdings, Inc. (CRBP), Medical Marijuana, Inc. (MJNA), Cannabis Science, Inc. (CBIS)and ChineseInvestors.com, Inc. (CIIX) (CIIX Profile) operate in a manner that hedges them against certain risks of federal prohibition.
On the campaign trail, then-candidate Donald Trump said of medical marijuana on Fox News: “I’m in favor of it a hundred percent.” With regard to the recreational use of marijuana, his stated preference was to leave it up to each state. At a briefing on February 23, however, Press Secretary Sean Spicer noted that President Trump sees “a big difference” between the use of marijuana for medical and recreational purposes, leaving many wondering about a federal crackdown.
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