Ding Dong, Jeff Sessions Is Gone — but That’s Not the Big News for Canadian Marijuana Stocks

Well, that didn’t take long. Many expected that President Trump would replace Jeff Sessions as U.S. Attorney General after the U.S. elections on Nov. 6. But for Sessions to be booted out the very next day after the elections was a quicker move than anticipated.

Sessions became the public face of opposition to marijuana legalization as a result of his history of critical comments about the drug and his overturning of Obama-era policies that kept the U.S. Department of Justice (DOJ) from intervening in states that had legalized marijuana. Almost immediately after his ouster, the cannabis industry began to celebrate. 

The replacement of Sessions could turn out to be good news for cannabis-related businesses operating in the U.S. Hold the champagne for Canadian marijuana stocks, though. There’s some big news that could be great for these stocks — but it has nothing to do with Jeff Sessions’ departure.

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