The leading players in the booming marijuana business have considered the White House to loosen federal laws that have apparently stunted the growth of the industry domestically, helping illegal cartels meet the pot demands of the average American.
The fundamental issues facing the US Pot Inc. is banking. Weed sales and various forms like gummy and pot lace soft drinks are estimated at between $40 billion and $60 billion, depending on the stoner source you are cited. It is completely illegal in only a handful of states, and all others are decriminalized or allowed for medical use.
But it could be illegal business because US banks don’t touch things. Federal law considers marijuana to be a controlled substance and disables the decriminalization of the condition. As a result, pot companies cannot obtain corporate bank accounts. US pot companies are unable to list them in the US stock market and are forced to trade in the less liquid Canadian market.
Without access to the US financial system, Pot Inc. remains the backwaters of small entrepreneurs who produce creams and gummies as painful alternatives, and of course for those who love to blow joints away for recreational use.
Longtime hedge fund trader Mark Cohord wants to unlock the pot. Cohodes is both a Pot Inc. investor and medical user. He is also an industry advocate now.
It’s not just about cashing in the bud boom. The Cohord tore his shoulder a few years ago. Instead of popping OxyContin, he dealt with the great pain through cannabis-infused cream and gummy.
“I know that good cannabis can be done,” he says of money. “We also know how bad guys are moving in the industry without a regulated US cannabis business that can get bank funding.”
These are the discussions that the Pot Lobby is having with the Trump Treasury Department. Without access to the US market and banks, domestic pot companies cannot easily compete with criminal organizations like Mexican cartels. The criminals also shipped pots to the US along with fentanyl, an addictive, deadly opioid, causing China-America to be in a drug crisis. They use pots and blow-offs from fentanyl for money laundering where criminal organizations are washed away with cash.
It provides pot companies with access to banks, access to the US public market, and Pot Inc. can shut down the cartel, says Pothead.
Have you heard of Trump? The Pot Lobby says Trump should be pushing for the midterm. There are 50 million people who participate in cannabis. Trump’s friend, former heavyweight champion Mike Tyson, has his own weed-related company. Joe Logan, a popular podcaster who supported Trump in 2024, is a supporter.
Pot supporters report that the White House is putting pressure on members of Congress to provide banking services to U.S. pot companies. (White House spokesman did not review the report of a trade publication called the Margiana Herald).
Additionally, supporters say it is parallel to the code. During the 2024 presidential election, Trump sought Crypto and its equally important voting block to achieve the desired results. He is currently delivering under lighter crypto regulations and ending the break-up of the digital coin business that occurred during the Biden era.
However, he hasn’t delivered for Pot Inc. yet, so there are contradictory signs he will. His tariffs, for example, could cause pot prices to rise as cannabis-related products are manufactured overseas. Additionally, he recently issued a less pot-friendly executive order to “make our country’s capital safe and beautiful,” a broad repression of Washington, D.C.’s crime and other forms of social collapse.
The order cited the “D.C. failed policy” that “opened the door to obstacles.”
Among them is decriminalized marijuana.
