Donald Trump, however you feel about him, has a plan. He knows he needs a big victory to ride into the 2020 election. He needs the markets to be looking good and trade talks with China to be complete.
But if those trade talks are still going on and the markets are still turbulent, he’s got an ace up his sleeve that will help him secure more swing voters without alienating his base. It might even get some more young voters on board, too.
I’m talking, of course, about legalizing cannabis nationwide.
You might be thinking, “How does that not alienate a conservative base?” Drafting a law that says cannabis is legal probably wouldn’t make most hard-line conservatives happy.
But there are ways the president can make cannabis legal without actually making it legal. Politics is just lousy with loopholes.
Simply removing cannabis from the controlled dangerous substance list where it’s classified along with crack, cocaine, and heroin would make it much easier for states to pursue their own legalization efforts.
But if I had to wager a guess as to how President Trump would legalize cannabis without legalizing it, it would be this: cannabis becomes a states’ rights issue.
“Government Is the Problem”
Some people reading this may not be old enough to remember hearing Ronald Reagan utter those now-famous words. But there’s little doubt you have heard them since.
He was talking about the current economic situation the country found itself in and said that government regulations and taxes weren’t the solution to the problem, but the problem itself.
And that caught the ear of the country. Especially folks who felt the federal government had grown too big and was interfering in too many aspects of personal life.
Ever since then, the fight for a “small government” has become a pillar of the GOP. And that’s why Trump can retain his base.
All the federal government really has to do is pass the buck, so to speak. Trump can just give the decision to the states. The states have been making them already despite federal prohibition.
And the president doesn’t have to legalize it to let states continue to do so. He just has to encourage the federal government to give the power to the states.
That’s exactly what a true conservative wants. Get Washington D.C. out of our backyard and let us make our own decisions.
And that’s Trump’s ace in the hole. He can appease more liberal voters and make his base happy at the same time.
If Alabama wants cannabis to be a drug, Alabama can vote to make it one. If New Hampshire wants it legal, well, New Hampshire can make it so.
Coming Soon to a Portfolio Near You
I’m not sure if you all were watching cannabis stocks before Canada implemented nationwide legalization. But I was. I was invested in a few. And I was pretty happy with the results.
You see, by 2016, legal cannabis was a pretty foregone conclusion. The questions were all about when, not really if, it would happen.
You had to do a little more research to find the good investments. It was kind of like the Wild West boomtowns with everyone rushing to cash in. But there were good ones out there.
And if you’d identified them back in 2016 — just two years before Canada legalized cannabis — you’d have seen the biggest profits of your life.
In the two years before Canada legalized, shareholders in Canopy, Cronos, Aphria, and Aurora saw their investments skyrocket.
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