Miracles Happen: Jeff Session May Resign!
Maybe if we pray a little harder to Jah, this miracle might actually come true. There are sources saying that the relationship between Trump and Sessions is now so tense that Sessions is already considering resignation – which is fantastic news for cannabis legalization efforts, as he’s one of the biggest obstacles that we are facing today.
The whole fiasco began back in March when Sessions made a sudden decision to remove himself from any issue concerning the Russia investigation. Trump only found out about it a few minutes before Sessions made his decision public. Those in the know say that Sessions’ abrupt change in policy was has caused the president major disappointed, and it’s not one that he’s likely going to forget about anytime soon.
In fact, this problem has gotten the orange haired man turning red with anger. Sources close to the president revealed that he’s been reprimanding his attorney general during meetings behind closed doors. The Russia investigation is now being handled by the Special Counsel with the help of former FBI Director Robert Mueller.
It’s becoming clear that the friction and tension is felt by both parties, which is why Sessions offers to resign. ABC News asked if Sessions’s resignation was considered a threat or an offer, but Sarah Isgur Flores, Justice Department spokesperson, has made no comment about it. According to Sean Spicer, “I have not had that discussion with him.”
Spicer was also asked his opinion if Trump still has any confidence in Sessions, to which he responded, “I said I have not had a discussion with him on the question. I don’t, if I haven’t had a discussion about a subject, I tend not to speak about it.”
Sessions Recusal
It all started back when Sessions had two meetings with the Russian ambassador in 2016, after he said that he was supporting Trump although he failed to reveal any contacts that were shared during the confirmation hearing.
Sessions told the media, “Let me be clear: I never had meetings with Russian operatives or Russian intermediaries about the Trump campaign,” he adds, “And the idea that I was part of a continuing exchange of information during the campaign between Trump surrogates and intermediaries to the Russian government are false.” In a Fox News interview, he also added, “Recusal is not an admission of any wrongdoing. It’s simply… whether or not you can be perceived as fairly deciding a case.”
Sessions had already been considering his recusal, as he released a statement back then saying that he met with senior department officials, considering if he should recuse himself, and, “having concluded those meetings today, I have decided to recuse myself from any existing or future investigations of any matters related in any way to the campaigns for president of the United States.”
When Sessions held a press conference in March to announce his final decision, he said: “In the end, I have followed the right procedure, just as I promised the committee I would”, he said of his verdict. “A proper decision, I believe, has been reached.”
What This Means For The Cannabis Industry
Wall Street thinks that Sessions will be in serious trouble for his failure to disclose what occurred during his 2016 meetings with the Russian ambassador, especially once cannabis stocks start to soar. Sessions is a threat to the legal cannabis movement in the United States, although stocks began to perform poorly after Trump was announced president.
According to Compass Point, a firm specializing in research and trading last March: “"If AG Sessions if forced to resign, we believe there would be two sector-specific reactions. First, our sense is that the Trump Administration's immigration policy would remain intact, which suggests that beneficiaries of the increased deportation activity – most notably CoreCivic (CXW) and GEO Group (GEO) – would continue to benefit. Second, if AG Session does depart the medical cannabis industry – most notably Innovative Industrial (IIPR) – could benefit from a crystallized federal policy stance."
The Democrats demanded that Sessions resign after it his meetings with the Russian ambassador were publicized, despite the fact that he is Trump’s policy advisor. Compass also adds, "We view this development as a headline negative for the market as it could conceivably balloon into a broader political scandal that would likely weigh on President Trump's already expansive agenda.”
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