President Trump says he’probably’ would support states’ rights cannabis bill

President Trump says he’probably’ would Encourage states’ rights cannabis bill

President Donald Trump told reporters Friday that he “likely ” would support legislation that would allow states to decide for themselves whether marijuana should be legal.

His comments came a day after Democratic Sen. Elizabeth Warren, D-Massachusetts, and Republican Sen. Cory Gardner, R-Colorado, unveiled legislation that would make state-legal marijuana programs exempt from federal drug laws – in effect also resolving taxation and banking problems which have been nagging the MJ industry.

Gardner has said previously that Trump has privately indicated his support for the nations ’ rights theory and that the president also promised that federal prosecutors wouldn’t interfere with Colorado’s legal marijuana program.

But U.S. Attorney General Jeff Sessions reiterated this week that he has made no such guarantees and that the Justice Department intends to enforce federal drug laws, according to Colorado Public Radio.

Experts have said that any substantive marijuana reform faces long odds before the midterm elections in November.

Industry officials also have told Marijuana Business Daily within the last few months that Trump’s assurances don’t mean much because he changes his mind so frequently and further note that Sessions and the Justice Department operate independently of the White House.

In addition to exempting state-legal MJ companies from federal drug laws, the Warren-Gardner bill would effectively permit such companies to take ordinary tax deductions and put their money in federally insured banks.

A House version is being co-sponsored by Reps. Jared Polis, D-Colorado, David Joyce, R-Ohio, and Earl Blumenauer, D-Oregon.

Released at Fri, 08 Jun 2018 20:39:39 +0000

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