A brand new US administration, China’s AI upset, and now a looming commerce warfare have performed havoc with the inventory market within the first weeks of the yr, and hashish shares are not any exception.
Hashish shares throughout the globe have faltered within the wake of a chaotic begin to 2025, impacted not simply by world financial headwinds but additionally by doubts over the way forward for hashish rescheduling and the attitudes of the incoming US administration in direction of hashish.
New Hashish Ventures reviews that its International Hashish Inventory Index, which tracks the efficiency of main hashish shares, fell 7.3% in January to six.38, following a 7.5% decline in December 2024.
Equally, its American Hashish Operator Index (-9.23261) and Canadian Hashish Operator Index have each fallen by 9.2% and 15.8%, respectively, because the begin of January 2025.
It comes as Trump’s administration presents a combined image when it comes to outlook for help of hashish reform.
As beforehand reported, the brand new head of the Drug Enforcement Administration (DEA), Derek Maltz, seems to signify continuity when it comes to the administration’s stance on hashish, specifically hostile.
Final week, listening to happened to verify Robert F. Kenedy Jr. as the subsequent secretary of Well being and Human Providers, seeing the one-time hashish advocate roll again on his help considerably.
Throughout his impartial run for president, RFK Junior introduced his intention to legalize hashish and use the proceeds to assist fund habit therapy, serving to handle ‘the rise of psychological sickness and PTSD’.
Nonetheless, when pressed by Sen. Elizabeth Warren (D-MA) on whether or not he would decide to working with the Division of Justice (DOJ) and DEA to advance rescheduling efforts, Kennedy mentioned he would ‘defer to the DOJ and DEA’.
Elsewhere, Trump’s selection of director of nationwide intelligence (DNI), former Rep. Tulsi Gabbard has additionally been a long-term advocate of hashish legalization, and just lately urged that previous hashish convictions shouldn’t disqualify an individual from receiving safety clearance when working for the federal government.
Trump’s personal place on hashish stays unclear. In the course of the election, he voiced help for legalization in Florida and hashish banking reform payments, marking a pointy turnaround in rhetoric for the president.
What is obvious is that Trump values fealty and loyalty above all else. As such, the US’ largest hashish gamers at the moment are positioning themselves to capitalize on this reality.
Marijuana Second reported at this time that, in keeping with newly disclosed lobbying contribution report, Curaleaf made a $250,000 donation to President Donald Trump’s inaugural committee, funnelling the contribution by means of the U.S. Hashish Council (USCC)—one of many business’s strongest commerce associations.
David Culver, senior vp of public affairs at USCC, confirmed the donation, emphasizing the necessity for business engagement with federal policymakers.
Trulieve’s CEO, Kim Rivers, can be understood to have attended two unique pre-inauguration occasions together with a $500,000 per ticket VIP dinner for JD Vance and a second $125,000 candlelight dinner occasion.
The corporate was a significant contributor to the latest efforts to legalize hashish in Florida, a transfer that Trump supported.
