I came across this article that can be found here.
I know alot of domainers invested in weed domains; I have a few myself. So when i came across this article I was a bit curious and concerned about what may be in store for not just the marijuana industry but domainers who invested in this niche. I've even seen websites dedicated to only weed domains. Will it affect sales if this continue in this direction?
Here is a snippet:
"Trump’s press secretary, Sean Spicer, alarmed the burgeoning legal-marijuana industry on February 23, when he said the Trump administration might practice “greater enforcement” of federal drug laws than the Obama administration had. Federal law bans the use of marijuana, even though eight states and the District of Columbia have declared pot legal for recreational use. Federal law trumps state law, but Obama said in 2012 that the US government had “bigger fish to fry” and essentially wouldn’t enforce the federal law. That led to a surge of investment in marijuana, which is now an $8 billion business in those states.
If Trump begins to enforce the federal ban on marijuana, however, it’s likely to choke the whole industry—with Lee one of the first likely victims. “In the business, people are freaking out,” Lee tells Yahoo Finance. “A lot of us were huge Trump supporters, and still are. But people are running scared, and deals are falling apart. That comment [about greater enforcement] is in direct contradiction to the America-first principle he’s talking about.”
If Trump begins to enforce the federal ban on marijuana, however, it’s likely to choke the whole industry."
I know alot of domainers invested in weed domains; I have a few myself. So when i came across this article I was a bit curious and concerned about what may be in store for not just the marijuana industry but domainers who invested in this niche. I've even seen websites dedicated to only weed domains. Will it affect sales if this continue in this direction?
Here is a snippet:
"Trump’s press secretary, Sean Spicer, alarmed the burgeoning legal-marijuana industry on February 23, when he said the Trump administration might practice “greater enforcement” of federal drug laws than the Obama administration had. Federal law bans the use of marijuana, even though eight states and the District of Columbia have declared pot legal for recreational use. Federal law trumps state law, but Obama said in 2012 that the US government had “bigger fish to fry” and essentially wouldn’t enforce the federal law. That led to a surge of investment in marijuana, which is now an $8 billion business in those states.
If Trump begins to enforce the federal ban on marijuana, however, it’s likely to choke the whole industry—with Lee one of the first likely victims. “In the business, people are freaking out,” Lee tells Yahoo Finance. “A lot of us were huge Trump supporters, and still are. But people are running scared, and deals are falling apart. That comment [about greater enforcement] is in direct contradiction to the America-first principle he’s talking about.”
If Trump begins to enforce the federal ban on marijuana, however, it’s likely to choke the whole industry."
