“Greater Enforcement” of Federal Laws would have Mixed Impact in Cannabis Industry
The White House struck a chord with the marijuana industry last week when press secretary Sean Spicer said the Department of Justice is likely to enforce federal marijuana laws in states that have legalized recreational pot. While the prevailing mood is disappointment among the broader marijuana/cannabis industry, reactions and impacts are mixed among businesses like Singlepoint, Inc. (SING) (SING Profile), Medical Marijuana, Inc. (MJNA), Terra Tech Corp. (TRTC) and Marijuana Company of America Inc. (MCOA). SinglePoint, Inc. (SING) is building an acquisition-based cannabis business focused on high-potential targets that service the cannabis industry rather than those that deal directly with…