U.S. Marijuana Stock Index Dropped Over 10% After Comments From Trump Press Secretary

The U.S. marijuana stock index fell over 10% after Trump’s Press Secretary Sean Spicer said he believes we’ll see “greater enforcement” of federal marijuana laws.

Marijuana Stock IndexOn Tuesday, February 21st, just two days before Spicer’s comments, the U.S. marijuana stock index was at 81.30, according to MarijuanaIndex.com. On Friday, the day after Spicer’s remarks, the index dropped to 72.80, a decrease of slightly over 10%.

As of Monday the market had a slight (and we stress slight) increase, moving up to 73.20.

Despite the recent dip, the index is still considerably higher than it was at its recent low point of 64.30, which was on December 19th, the day of Trump’s inauguration.

Read moreU.S. Marijuana Stock Index Dropped Over 10% After Comments From Trump Press Secretary

Trump Press Secretary Says He Believes We’ll See “Greater Enforcement” of Federal Marijuana Laws

During today’s White House Daily Press Briefing Press Secretary Sean Spicer was asked about marijuana.

During the briefing one of the reporters asked Spicer about how the Trump Administration will handle states that have legalized medical marijuana.

“Medical marijuana, the president understands the pain and suffering that many people go through.. and the comfort that some of these drugs can provide to them,” said Spicer. “There’s a big difference between that and recreational marijuana. When you see something like the opioid addiction crisis blossoming around so many states around this country, the last thing we should be doing is encouraging people … there’s still a federal law that we need to abide by when it comes to recreational marijuana.”

Read moreTrump Press Secretary Says He Believes We’ll See “Greater Enforcement” of Federal Marijuana Laws

President Trump is a “Firm Believer in States’ Rights”, Says Press Secretary Sean Spicer

During today’s White House Daily Press Briefing, President Trump’s Press Secretary Sean Spicer confirmed that Trump is a “firm believer” in states’ rights.

Sean spicer
White House Press Secretary Sean Spicer.

During the briefing the very first question related to transgender bathroom laws: “Can you give us an update on the administrations plans with regards to transgender bathrooms?”, the reporter asked.

Spicer replied by stating that the president is “a firm believer in states rights”. He ends his answer by claiming that “certain issues like this are not best dealt with at the federal level”

Read morePresident Trump is a “Firm Believer in States’ Rights”, Says Press Secretary Sean Spicer