Saturday, 23 June, 2018

Trump Signals Possible Support For Bipartisan Marijuana Legislation

Canada closer to legalising marijuana after senate vote in favour New Bipartisan Bill Could End Federal Laws Prohibiting Marijuana
Kenny Thornton | 10 June, 2018, 02:19

Justin Strekal, political director of the National Organization for the Reform of Marijuana Laws, said the bill introduced this week falls within the parameters of what Trump told Gardner he would support during their discussion in April. In January he rescinded Obama-era guidelines that deprioritized enforcement of federal marijuana laws in states that had legalized it.

"While Senator Gardner is calling this a "states" rights' approach, this bill essentially amounts to the federal legalization of marijuana", said Kevin Sabet, president of the anti-cannabis group Smart Approaches to Marijuana or SAM. Legal recreational marijuana has been approved in nine states and Washington, D.C., which continues to ban sales, unlike the state programs. Cory Gardner, a Colorado Republican, to let states determine how to regulate marijuana within their borders.

"I'd like to see it done sooner rather than later for a simple reason", Gardner, the first-term Colorado senator, told Jake Tapper on CNN. But Trump's U.S. Attorney General - former Alabama Sen. One amendment would allow provinces to prohibit home cultivation of cannabis if they so choose, rather than accept the four marijuana plants per dwelling allowed under the bill. The bill in question, pushed by a bipartisan coalition, would allow states to go forward with legalisation unencumbered by threats of federal prosecution. "We're looking at it, but we'll probably end up supporting that, yes".

Some banks have been wary to offer services to pot businesses even in states where the substance is legal due to the federal prohibition. It also amends federal law to explicitly remove industrial hemp from the definition of marijuana. Elizabeth Warren, Democrat of MA. "Not putting words in the mouth of the White House, but I think this will be an opportunity for us to fulfill what is that federalism approach".

Jamie Dimon, Warren Buffett urge CEOs to end quarterly earnings forecasts
Warren Buffett , Jeff Bezos and Jamie Dimon have picked a leader for their health care venture. Buffett told CNBC on Thursday that the CEO will probably be announced within two weeks.

The president's remarks place him in conflict with his own Justice Department and Attorney General Jeff Sessions, who staunchly opposes marijuana.

Because marijuana is illegal at the federal level, cannabis companies face a number of financial obstacles - the biggest being their inability to use banks or bank services.

Add a notch to the slim column of policy agreements between President Trump and Gov. Charlie Baker as both yesterday threw their support behind a states' rights marijuana proposal that promises to clear away the dark cloud of federal prohibitions from the burgeoning industry.

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