ArcView CEO Troy Dayton Shares Optimistic Outlook For The Marijuana Industry Under Trump

“Donald Trump and Hillary Clinton had the same position on cannabis, which was that it was really up to the states to decide,” Troy Dayton CEO of the ArcView Group and famed legalization advocate told Benzinga in a recent interview.

“Hillary Clinton went a little bit further to say that she thought it should be rescheduled, and Trump spoke very positively about medical cannabis, saying that he knew people who it was helpful for,” he added.

Will Things Change?

Benzinga asked, "So, are things going to remain the same?"

Marijuana legalization initiatives also won very decisively in eight out of nine states on Election Day. “Some of our biggest wins were in the red states: Florida, North Dakota, Arkansas, Montana—,” Dayton responded when questioned about the near future. “So, I think it would be political suicide for Donald Trump to go back on a campaign promise on a hugely popular issue like this. And so, while the appointment of Jeff Sessions for attorney general is certainly concerning, given that Jeff Sessions is one the biggest opponents of marijuana legalization and marijuana in general in Congress, it is my hope, and certainly my endeavor to try to make sure that Jeff Sessions follows the will of the voters and the will of the president.”

Law & Order

Moreover, the chief executive pointed out, there’s another point in favor of marijuana supporters: “The Rohrabacher-Farr Amendment, which is now a law, is likely to be renewed," Dayton said.

"And that stops the Justice Department from spending any resources going after anybody following state law when it comes medical marijuana.”

Dayton continued, “I believe we have the support of Congress –even with a Republican controled Congress — to expand those protections to the adult use in states as well — which I think will happen in short order.”

“Given the other law and order priorities of this administration, there is a real limitation on their resources; they can’t just get more resources into the Justice Department, and they simply do not have the resources to thwart state law in 28 states that have some form of legalized cannabis,” he went on.

“So, I think that, given that this issue did better than any Republican did in the election, this is a real opportunity for the Republicans to take a hugely popular issue away from the Democrats. And, given the support among Republicans for states’ rights, I think that we will be okay.”

“That being said, under a Trump administration, we have no idea how he’s actually going to govern. And so, anything is possible.”

Other Views

In another recent Benzinga interview, 420 Property CEO Ryan R. George said he was “not worried at all” about a Republican government. “I think everybody has somewhat spoken, and they want this industry to bring more jobs into the economy [...] If you look at the map of the United States [...] more than half of the states have cannabis laws,” he voiced.

Also quite recently, Benzinga asked Alan Brochstein, founding partner at New Cannabis Ventures and founder at 420 Investor, about plays in the marijuana industry against such an uncertain backdrop. The expert mentioned a few Canadian Licensed Producers, including AURORA CANNABIS IN COM NPV ACBFF, APHRIA INC NPV APHQF, METTRUM HEALTH COR COM NPV MQTRF, ORGANIGRAM HLDGS I COM NPV OGRMF, SUPREME PHARMACEUT COM NPV SPRWF and CANOPY GROWTH CORP COM NPV TWMJF, as well as “the only” biotech stock in the space, GW Pharmaceuticals PLC- ADR GWPH.

The Opioid Epidemic

Finally, thinking about the surging number of indicators that suggest that, even at a federal level, the government increasingly believes that cannabis products are more of an option for pain treatment, versus opioids, Benzinga asked about marijuana and opioids.

“I think that… cannabis is proving to be a very powerful tool in both fighting addiction as well as creating alternatives the use of opioids, or at least reducing opioid usage for pain. And also, when there is such an opioid epidemic in the country, it becomes more and more difficult to justify a war on cannabis, since it’s a misuse of resources,” Dayton concluded.

Posted In: ArcviewcannabisDonald TrumpHillary ClintonJeff SessionsmarijuanapotRohrabacher-Farr AmendmentTroy DaytonweedLong IdeasNewsEmerging MarketsHealth CarePoliticsTopicsManagementOpinionMarketsTrading IdeasInterviewGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.


Featured image sourced from Shutterstock

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