As the new head of the Justice Department, Attorney General Jeff Sessions will have sweeping power over how the federal government approaches marijuana during the new administration. Looking to judge how the industry has reacted to his appointment, Business Insider interviewed several industry leaders, including Poseidon Managing Director, Morgan Paxhia.
Summarizing the perspectives of nine insiders, the article states a general expectation that the administration, and the Sessions-led Justice Department, should, "respect states' rights to legalize and regulate marijuana without federal interference."
Co-founder of Poseidon Asset Management expressed in the article that in his view, the percentage of investors concerned about Sessions is relatively small when considering other reasons to get into the marijuana industry.
"We have talked with numerous cannabis companies this year, and most have noted Sessions as one of the least common reasons for a new investor to hold off," Paxhia added.
For more discussion on the topic, read the original article.