Per chuck, no one investing in small operations such as nxgwf should “root” for a federal law change in the marijuana sector. At least not in the near term. It would be a boom for the massive companies (billion dollar funded, big alcohol & big tobacco parent companies who dominate the weed company news) and they’d torch the little guys.
In addition to that, regardless of who wins the presidency, you shouldn’t assume a major law will be changed in year one of administration. Legislative branch (House AND Senate) must create and pass a bill. Only then may the president sign it into law. That’s a tall order for any law. So even if you want to pivot investments based on presidential elections, I would caution you to the governing process of USA. Congress was created with the intent to be a slow process for the purposes of checks and balances. Would a presidential executive order affecting marijuana happen? Doubt it, but I suppose it’s possible. Presidents lately sure have enjoyed that process to avoid that pesky, slow Congress.
Keep in mind, presidents do not create laws or change laws. They may influence and share opinions, but the president’s job is to execute the laws written by congress. Shoot, even if the law does change, the Supreme Court might eventually get involved.
We give our presidents way too much power.
