Trump just legalized marijuana nationwide heres why potheads are rejoicing

Put this in your pipe and smoke it: Donald Trump just legalized marijuana across the US. As On The Money has been reporting since April, our famously drug-and-drink-averse president has been inching ever closer to making marijuana significantly less criminal in the eyes of the federal government. On Thursday, it finally happened.He signed an executive order to “reclassify” weed to a “Schedule III” drug – throwing it into the same category as codeine-laced Tylenol, testosterone and anabolic steroids.

That’s versus its current “Schedule I” classification as a controlled substance, which it shares with hard-core staples like heroin, LSD and ecstasy.This will surely blow the minds of the nation’s 17 million potheads, many of whom partake in not only a substance but a culture that bears scant affinity with the MAGA-hat wearing real-estate tycoon who occupies the White House.Hang on – hasn’t pot already been legal in nearly all 50 states? The answer is yes.But the implications are big now that the feds are classifying a so-called “Schedule III” drug – a substance “with a moderate to low potential for physical and psychological dependence” as opposed to a “Schedule I” drug which has “a high potential for abuse and serves no legitimate medical purpose”.Namely, a Schedule III classification means the $60 billion-a-year business of weed in the US can be “banked” and it can grow exponentially as the US banking system will no longer consider it off limits. It also means Wall Street will no longer shy away from underwriting the stock of any company that in Pot Inc.

parlance “touches the plant.” Marijuana companies will gain access to cheaper, more seamless financing as opposed to the cumbersome alternatives they have relied upon to date, including IPOs and stock listings in places like Canada.Yes, there are skeptics about taking pot mainstream.The marijuana of today is far more potent than the stuff I grew up on that gave you...