Ever since the American people decided last November that Donald Trump was to become the next president of the United States, the private prison industry has been raking in higher profits.
Although private prison stocks began to decrease in value after the U.S. Department of Justice announced in the summer of 2016 that it would no longer use private detention facilities to house federal inmates, investors started pouring substantial money back into these operations in the week following Trump’s victory over Hillary Clinton.
In fact, NPR reports that stocks of the two largest prison corporations in the U.S. (GEO and CoreCivic) experienced growth between 20 and 40 percent after Election Day.
It seems that investors are counting on Trump’s campaign promise to crackdown on illegal immigrants. Some of them potentially even have their fingers crossed that his selection for U.S. Attorney General, Alabama Senator Jeff Sessions, will once again give the DEA the green light to start kicking down the doors of the cannabis community.
Marijuana is legal in over half the nation, but the federal government still considers it to be one of the most dangerous illicit substances in the world. The average pot consumer would not likely be in any danger of catching federal heat, but proprietors of marijuana businesses operating in legal states could certainly risk doing hard time if Sessions happens to unleash the dogs of the drug war on the cannabis industry later this year.
Sessions has said previously that marijuana was “already causing a disturbance in the states that have made it legal,” which may indicate his willingness to start cracking skulls once he is confirmed as Attorney General. However, he has not yet revealed a marijuana enforcement plan.
While there has been a push recently to cripple the incarceration industry, many believe Trump will take action to reinstate private prison contracts once he takes control of the White House. Last March, Trump told MSNBC’s Chris Matthews that using private detention centers was probably the best approach to the nation’s prison system.
“With prisons I do think we can do a lot of privatizations and private prisons. It seems to work a lot better,” Trump said.
If Trump does resurrect the demand for private prisons, which is expected, reports show the majority of the focus would be on controlling immigration. But there is certainly some cause for alarm when considering these privately run facilities could soon be used to cage those people currently growing and selling marijuana legally under the language of state law.
You can keep up with all of HIGH TIMES’ marijuana news right here.
FBI Data Shows Cannabis Arrests are on the Rise for Second Year in a Row
Activists in Oregon Fight for the Public Consumption of Cannabis on 2019 Ballot
Thai Police Give Researchers 220 Pounds Of Seized Marijuana
Police in Massachusetts Make Super Troopers Reference After Recovering Two Pounds of Weed
Malaysian Court Sentences Man to Death for Distributing Free Cannabis Oil
Canadian Dispensary Clerk Fights off Three Burglars With a Giant Bong
Hot Pot Products: 4 Must-Haves for Cannabis Cultivators
Study Suggests CBD May Have Antipsychotic Effect in High-Risk Individuals
Guides7 days ago
What Do The Colors of Marijuana Mean?
Celebrities6 days ago
Kristen Bell Opens Up About Weekly Cannabis Use and Exploring Other Drugs
Strains5 days ago
9 Colorful Weed Strains To Brighten Your Day
News5 days ago
First Clinical Trial of MDMA Treatment for Autistic Adults Sees Success
News6 days ago
New Report Says Concentrates are the Fast Growing Favorite Among Consumers
News5 days ago
Study Finds Magic Mushrooms Could Aid in Smoking Cessation
Dispensaries5 days ago
First Medical Cannabis Dispensary Set to Open in Brooklyn By End of Year
Guides6 days ago
Top 10 Strains to Pair with a Rose Blunt