Trump Likely to Support End to Federal Ban on Marijuana

A marijuana plant at the Ameri Canna Edibles facility on Tuesday

A marijuana plant at the Ameri Canna Edibles facility on Tuesday

The National Conference of State Legislatures came out in support of the Warren/Gardner bill on Thursday. "It doesn't go all the way, but it does alleviate some of the day-to-day challenges we face". Elizabeth Warren, D-Mass., and Cory Gardner, R-Colo., and Reps.

His budget assumes $60 million in new revenues from the pending approval of recreational marijuana.

There are two exceptions, however: the prohibition of endangering human life while manufacturing a controlled substance and the prohibition of employing persons under age 18 in marijuana operations. Also, prohibiting cannabis companies from placing their logos on traditional marketing products like caps and t-shirts is certainly overkill and unnecessary.

"Marijuana legalization brings a new Big Tobacco type industry to New Jersey that comes with a multitude of public health concerns", he said.

Gardner told reporters Thursday that he had discussed the legislation with Trump, whom he had previously pushed to assure states that their rights would not be infringed by the administration's decision to roll back an Obama-era policy regarding marijuana enforcement.

Prime Minister Justin Trudeau promised to legalize marijuana during his 2015 general election campaign.

As a candidate, Trump said marijuana legalization should be up to the states. "If a state like Oklahoma doesn't want to do that, nothing changes". "We're looking at it, but I probably will end up supporting that, yes". "I support Senator Gardner".

"We were not ordered to do anything other than the policies that we intend to carry out nationally", Sessions said.

"At its heart, this.is a pro-states'-rights bill that remedies a business relationship problem that has vexed community banks across 46 states", said Fine, now president and CEO of Calvert Advisors.

Ever since Donald Trump took office as 45th president of the United States, cannabis industry entrepreneurs, as well as ordinary cannabis users, have anxious that the Trump administration might punish them for buying, selling, growing, or using marijuana.

A further 20 states permit use of weed for medicinal use.

But because of the federal prohibition, many businesses are locked out of traditional banking and lending activities.

The legislation would enable business operating in states that have legalized pot to access the financial system, thereby removing a considerable hurdle for a fast-growing industry. "The state might treat this as a minor violation, perhaps subjecting the supplier to a warning or small fine", wrote Robert Mikos, a professor at Vanderbilt University's law school, on his marijuana-focused blog.

UNITED STATES - June 7: Sen.

Latest News