Trump's nomination of Gaetz for Attorney General has stirred controversy and sparked doubts due to his past controversies and inconsistent stance on cannabis.

But the marijuana community has been blazing with excitement. “Rep. Matt Gaetz is one of the most pro-cannabis Republicans on Capitol Hill," said David Culver, senior vice president of public affairs at U.S. Cannabis Council, in a statement. "

If controversial Republican Matt Gaetz manages to win confirmation as attorney general, his tenure at the Justice Department is expected to be positive for the cannabis industry.

Cannabis-related ETFs continued to gain in the premarket on Thursday after President-elect Donald Trump nominated Matt Gaetz, a Republican Congressman seen as a long-time advocate for marijuana reforms,