Son of Trump’s Cabinet Member Invested Heavily in Marijuana Market
In an ironic twist of fate, it appears a prominent member of Donald Trump’s cabinet has a strong tie to the legal cannabis industry.
Shane McMahon, the son of legendary WWE founder Vince McMahon and Linda McMahon, who runs the U.S. Small Business Administration, recently invested in a company that manufactures pre-fabricated modules for growing cannabis.
According to court documents, McMahon made a cool $500,000 investment for a sizable stake in a Connecticut-based company EnviroGrow. The start-up firm sells the modules in states where medical or recreational cannabis is legal.
Currently, 29 states and the District of Columbia have legalized cannabis for medical use, and eight of those states(Colorado, Washington, Oregon, Alaska, California, Massachusetts, Maine, Nevada, as well as DC) have legalized the plants for recreational purposes.
3 Years after Legalization, Alaska Communities Weigh Pot Bans
A vote on Tuesday might mark a sea of change for the cannabis business of local communities in Alaska—and might place pot bans within those areas for the foreseeable future.
As reported by the Associated Press, voters in two of the state’s major pot cultivation districts will decide on whether growers and other pot-related business owners will continue to operate. Hypothetically, if the vote goes through, ceasing said operations could put denizens out of work and disrupt the supply chain in the state to disastrous proportions.
The decision could mark a major regression concerning full legalization in the state and might set a precedent for other Alaskan communities to do the same.
The potential pot bans won’t simply affect the status of legalization alone: The vote has growers and business-owners alike highly concerned about their futures and the economy of Alaska at large. Some, like grower Mike Emers, see the initiative as a betrayal.
Blue Dragon (Hybrid)
City Council unanimously passes marijuana decriminalization ordinance
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