Consumer Products

Marijuana News Roundup: Clinton Is the Favorite of Cannabis Industry

Following two weeks of national political party conventions and polls to measure how the presidential candidates fared, Democrat Hillary Clinton has about a 7-point lead over Republican Donald Trump. The marijuana industry likes Clinton even better.

According to a survey conducted on July 27 and 28 by Marijuana Business Daily, Hillary Clinton gets the support of 43% of cannabis industry executives and professionals compared with 26.1% support for Donald Trump. Gary Johnson, who was CEO and President of Cannabis Sativa before commencing his run as the Libertarian candidate for president got the nod from 15.5% of those surveyed. The remaining 5% or so either named someone else or weren’t sure.

Among investors in the cannabis industry, both Clinton and Trump scored a little better — 45.9% for Clinton and 37.8% for Trump — while Johnson’s total dropped to 8.1%.

The results among industry executives and professionals should come as no surprise. The Democratic party and Clinton have said that marijuana should be removed from the Schedule I drug list and that a “reasoned pathway for future legalization” should be developed and adopted.

According to Marijuana Business Daily:

[Donald] Trump does not have an official policy position on marijuana and it’s often hard to tell where he stands on issues. He said earlier this year that he is “in favor” of medical marijuana “100%,” but has also said several times that he believes recreational marijuana “is bad” and is “causing a lot of problems in Colorado.”

Libertarian candidate Johnson garners about twice as much support from the cannabis industry players as he does from the U.S. population at large, but he still finishes a distant third in the three-person race.

The DEA Warns Marijuana Grow Spots are the ‘New Meth Houses’
The Drug Enforcement Administration is warning that marijuana grow houses in Colorado may be “the new meth houses.”

A June report by the DEA’s Denver division warns of potential dangers and annoyances posed by large-scale marijuana growing operations hidden in residential neighborhoods. These operations can be a nuisance to neighbors, prompting complaints about “strong odors, excessive noise from industrial air-conditioning units, blown electrical transformers, and heavy vehicle traffic,” according to the DEA.

Beyond that, a big indoor marijuana operation requires lots of high-powered lighting, water and ventilation. People making these modifications in a haphazard or amateurish way risk doing serious damage to their homes.

Read more at The Washington Post.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.