Jeff Sessions Resigns as Attorney General| What Does This Mean for Marijuana Industry?

By Kaitlyn M.
In breaking news, one of the biggest prohibitionists of our time has resigned from office. What happened and what will be next for the marijuana industry?

Jeff Sessions- that is a name we know all too well. He has been the Attorney General for the U.S. since President Trump brought him into office in February of 2017.

Jeff Sessions has had intense views on different topics from immigration to marijuana. Sessions were close to the President for quite some time but it seems like times are changing.

Sessions Resigns Day After Midterm Elections

Tuesday held the midterm elections where three states legalized marijuana. The day after that in breaking news, a letter surfaced to the President from Attorney General Jeff Sessions. This letter details all the good that the Attorney General did while he was in office for close to three years.

But at the very top of the letter, he gives his resignation.  It said, “Dear Mr. President, at your request, I am submitting my resignation." I first saw this letter on Twitter which made me think it was a joke until I saw who posted it.

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The post was from Maggie Haberman, a White House Correspondent for the New York Times- this is not a joke. The entirety of the letter feels as if this is meant to be a slap in the face towards the President, seeing as he was the one who asked Sessions to resign.

Sessions wrote, “Since the day I was honored to be sworn in as Attorney General of the United States, I came to work at the Department of Justice every day determined to do my duty and serve my country. I have done so to the best of my ability, working to support the fundamental legal processes that are the foundation of justice.”

Sessions then went on to detail every good thing he feels he did during his time in office instead of saying why he is leaving,  which makes me feel that he was angry and showcasing he is not a bad guy.

Sessions stated, “We prosecuted the largest number of violent offenders and firearm defendants in our country’s history. We took on transnational gangs that are bringing violence and death across our borders and protect national security. We did our part to restore immigration enforcement. We targeted the opioid epidemic by prosecuting doctors, pharmacists, and anyone else who contributes to this crisis with new law enforcement tools and determination. And we have seen results.”

Jeff Sessions then ended his resignation letter by saying how he upheld the law, which is the point of his job and how honored he is to have served in this position.

Sessions concluded, “Most importantly, in my time as Attorney General we have restored and upheld the rule of law -- a glorious tradition that each of us has a responsibility to safeguard. We have operated with integrity and have lawfully and aggressively advanced the policy agenda of this administration. I have been honored to serve as Attorney General and have worked to implement the law enforcement agenda based on the rule of law that formed a central part of your campaign for the Presidency. Thank you for the opportunity, Mr. President. Sincerely, Jefferson B. Sessions III.”

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This letter left me stunned and amazed. We all knew that the relationship between the two men was strained after President Trump stated in September, “I don’t have an Attorney General.” It seems that there is an ongoing investigation into why the President forced his hand and asked for Sessions to give his resignation.

Now that Jeff Sessions is out of office, what does this mean for the Marijuana Industry?

Will the Marijuana Industry Flourish with Sessions Gone?

Jeff Sessions has made it very clear over the last few years how he feels about marijuana and the people who use it. The former Attorney General has made heinous statements such as “marijuana was only slightly less awful than heroin” as well as “good people don’t smoke marijuana.”

He has tried to undermine the marijuana industry and stop it as best as he could, and people hated him for it. But now that he is out of office, will the marijuana industry flourish more than ever before? According to Newsweek, it already is.

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Less than two hours after Jeff Sessions was removed from office, “the entire marijuana index 13.73 percent.” And right after his resignation, India Globalization Capital stock rose almost 40 percent and Tilray Inc. rose 26 percent. Several other companies stock such as Canopy Growth Corp. rose by 5 percent.

While we are sure President Trump had his own reasons to remove Sessions from office, is it possible he is moving to legalize marijuana? Anthony Scaramucci, the former White House press secretary thinks so. Scaramucci said, “I think he’s waiting for after the midterms.”

This is a fascinating turn of events and a big couple of days for the marijuana industry as a whole. In two days three states legalized marijuana in different forms and one of the biggest prohibitionists against marijuana legalization has left office. Big things will be happening soon in the cannabis community.

Citations

1. Maggie Haberman. Retrieved November 08, 2018 from https://twitter.com/maggieNYT/status/1060265942800916482

2.Reuters Trump Forces Out U.S. Attorney General Jeff Sessions, Announces Interim Replacement. Retrieved November 08, 2018 from https://www.haaretz.com/us-news/u-s-attorney-general-jeff-sessions-resigns-trump-announces-interim-replacement-1.6634080

3.Alexandra Hutzler Jeff Sessions Resignation Offers Big Boost for Legal Weed As Marijuana Stocks Soar Following Attorney General's Exit. Retrieved November 08, 2018 from https://www.newsweek.com/jeff-sessions-resignation-legal-weed-1206250

4.Darcy Spears Marijuana tax money for schools: Where is it going?. Retrieved November 08, 2018 from https://www.ktnv.com/news/contact-13/marijuana-tax-money-for-schools-where-is-it-going

About the author: Kaitlyn M.

Kaitlyn is one of our regular contributors to cover Products and Lifestyle. She's living in the palmy Florida.