This is a good article on where we are. Maybe someone can read it to Bambino and boobshttps://dailynews.com/2018/01/04/trump-administration-move-raises-questions-for-cannabis-investors/
U.S. Attorney General Jeff Sessions said Thursday that he will unleash prosecutors to enforce federal pot laws, a move widely seen as intended to slow cannabis-industry investment in states that have legalized the drug.
Though marijuana has been legalized for recreational use in eight states and the District of Columbia — and has been approved for medical use in a total of 29 states and D.C. — it remains illegal under federal law. Sessions on Thursday moved to rescind instructions from the Obama administration for federal prosecutors to tread lightly in states that have legalized medical marijuana.
Sessions’ announcement came days after California’s new pot rules kicked in, opening the nation’s biggest cannabis market.
Sessions’ action also came in advance of a possible expiration date (Jan. 19) of a rule that bans authorities from spending federal money to hamper medical marijuana programs. The law, co-sponsored by Rep. Dana Rohrabacher, R
-Huntington Beach, would have to be renewed for the protections to continue. It has been renewed several times since its enactment in 2014.
Many in the marijuana business — medical and recreational — said Thursday that Sessions’ move is aimed at chilling investment activity in the fledgling industry by raising the possibility of renewed federal enforcement.
Most said they are confident that consumers won’t be touched. They also predicted there won’t be a revival of the chaos seen under the George W. Bush administration and early in the Barack Obama administration, when federal officials routinely conducted raids and made arrests in states where cannabis laws differed from federal law.
Cannabis supporters noted that public opinion — including a majority of GOP voters nationally — favors legalization.
“This multi-billion dollar industry is now too big to be shut down by the federal government. The legalization train has left the station,” said Aaron Herzberg, a lawyer and dispensary owner. “I think this is saber rattling.”
“People who have been on the fence, or who are very recent entrants, may retreat a bit; valuations may drop, banking might become more difficult,” Dayton said. “But because the underlying fundamentals remain strong, this is a signal to other investors that there are phenomenal deals to be had.
“California beginning adult use sales is going to have a bigger impact on investor sentiment than Sessions repealing an old guidance memo.”
Shout out to @PurpleThrobber
Rohrabacher, who co-sponsored the law protecting medical marijuana dispensaries, said Sessions’ policy toward cannibis would fuel crime and violence, the very things that Sessions said he hopes to curb.
“The attorney general of the United States has just delivered an extravagant holiday gift to the drug cartels. By attacking the will of the American people, who overwhelmingly favor marijuana legalization, Jeff Sessions has shown a preference for allowing all commerce in marijuana to take place in the black market, which will inevitably bring the spike in violence he mistakenly attributes to marijuana itself,” Rohrabacher said.
“He is doing the bidding of an out-of-date law enforcement establishment that wants to wage a perpetual weed war.”
Local politicians accused Sessions of trying to big-foot state control.
“We will not be bullied by an out-of-town and out-of-touch politician,” said Herb Wesson, president of the Los Angeles City Council. “The voters of California and Los Angeles have spoken and we will continue doing our job of reasonably regulating the cannabis industry in spite of Washington running amok.”
All that being said, Jeff Sessions sucks. He works for a populist who is going to figure out someday which way the wind is blowing on this. Voters from both parties smoke weed.