Category: Legal

Sessions Rescinds Cole Memo – Implications

SHARE THIS POST January 4, 2018 – AG Sessions has arguably moved in a direction many expected – escalating his campaign against legal cannabis by reversing the Cole Memo (see the entire memo here). Given the majority and ever-increasing number of Americans that believe, at the least, cannabis should be legal for medical purpose and increasing momentum support for recreational / adult-use cannabis is getting, the move doesn’t reconcile with the version of populism Trump espoused on the campaign trail (but then the Tax Bill didn’t either). But when it comes to the impulse to support public consensus or undo yet another Obama policy, there can’t be any surprise which wins out. Now, US attorneys will be freed up to prosecute cannabis business. Don’t count on Trump to be too concerned about the political consequences. No deliberative, forward-thinking or even practical political calculus can stand up to the emotional satisfaction of acting and reacting in real-time for this administration. While the move surely will not be the death knell to the cannabis industry, it will have chilling effect on mainstream investment into the market until the administration provides more clarity on just how it intends to allocate resources and support to AG Sessions efforts. It will also have a chilling effect on the banking system, which was starting to warm a bit to serving canna-businesses. In a recent report...

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AP NewsBreak: US to end policy that let legal pot flourish

SHARE THIS POST Source: Associated PressJanuary 4, 2018 WASHINGTON (AP) — Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, two people with knowledge of the decision told The Associated Press. Sessions will instead let federal prosecutors where pot is legal decide how aggressively to enforce federal marijuana law, the people said. The people familiar with the plan spoke on condition of anonymity because they were not authorized to discuss it before an announcement expected Thursday. The move by President Donald Trump’s attorney general likely will add to confusion about whether it’s OK to grow, buy or use marijuana in states where pot is legal, since long-standing federal law prohibits it. It comes days after pot shops opened in California, launching what is expected to become the world’s largest market for legal recreational marijuana and as polls show a solid majority of Americans believe the drug should be legal. While Sessions has been carrying out a Justice Department agenda that follows Trump’s top priorities on such issues as immigration and opioids, the changes to pot policy reflect his own concerns. Trump’s personal views on marijuana remain largely unknown. Sessions, who has assailed marijuana as comparable to heroin and has blamed it for spikes in violence, had been expected to ramp up enforcement. Pot advocates...

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