If U.S. Attorney General Jeff Sessions decides to enforce a devastating strike on legal cannabis states, industry leaders believe it would be disastrous to Colorado’s economic interest. During an interview with the Denver Channel, Kristi Kelly, executive director of the Marijuana Industry Group, said any decision by the Trump administration to launch a full-scale war against the legal marijuana industry would “cause a recession,” taking employment away from thousands of Colorado workers.
With the state now bringing in almost $1 billion a year in legal cannabis sales, she said federal interference would have catastrophic consequences. Kelly stated, “The economics of this are huge in Colorado. There is a billion-dollar economic impact in Colorado, which is directly attributable or affiliated with the cannabis industry, so that equates to 20,000 people licensed in trade.” Ever since President Trump announced that Alabama Senator Jeff Session was his pick for the next US attorney general, much of the marijuana industry has been greatly concerned. This worry recently heightened when the Republican-dominated Senate confirmed Sessions for the job. Our new attorney general has yet to say exactly what he plans to do in reference to legal marijuana.
During his confirmation hearing, Sessions told a Senate committee that he would “not commit to never enforcing federal law.” Some people interpreted his statement as not having any dangerous implications, while it led others to believe the entire scope of the cannabis movement was on the verge of being shut down. There are some psychoanalysts who predict the legal marijuana industry will grow into a $50 billion market within the next ten years, which is the reason some members of the legal cannabis scene believe they are untouchable. Tony Alfiere, president of Colorado cannabis extract company Quigley’s stated, “I fully expect Sessions to do the job he has accepted. The very idea that the attorney general of the United States of America would allow himself or be allowed to trample on the rules that govern our nation is laughable. Once this media hysteria dies down and the man is allowed to do his job, we will see the cannabis industry is here to stay.”