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WEED NEWS
Cannabis Industry Shutdown Would Cause a Recession
| Posted on February 14, 2017 at 9:40 AM |

If U.S. Attorney General Jeff Sessions decides to impose a lethal crackdown on legal marijuana states, industry leaders believe it would be catastrophic to Colorado’s economic prosperity.
During a recent 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 cannabis industry would “cause a recession,” sending tens of thousands of Colorado workers to the unemployment line.
With the state now generating in upwards of $1 billion a year in legal marijuana sales, she said federal interference would have nothing less than devastating consequences.
“The economics of this are huge in Colorado,” Kelly said. “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 Sessions—a man who once said “good people don’t smoke marijuana”—was his pick for the next attorney general of the United States, the bulk of the cannabis industry has been in a nail-biting panic. This anxiety swelled to greater heights last week when the Republican-dominated Senate confirmed Sessions for the job. After all, our new AG has yet to say exactly what he plans to do with respect to..............http://hightimes.com/news/cannabis-industry-shutdown-would-cause-a-recession/
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