Sunday, 24 June, 2018

Canadian marijuana producers end rally as United States set to tighten enforcement

Gov. Hickenlooper says Sessions told him they wouldn't go after marijuana Pueblo cannabis industry and lawmakers react to Sessions announcement
Andrew Cummings | 07 January, 2018, 09:45

Arcview Market Research said this week that the marijuana industry will more than double to $40 billion by 2021 from $16 billion a year ago, MarketWatch reported.

California began selling recreational marijuana Monday in what's seen as a milestone.

Congress has already prohibited federal agents from targeting state-licensed medical marijuana businesses, and lawmakers are now considering a plan to expand that protection to recreational marijuana companies.

Medical marijuana has been legal in California since 1996 and legal recreational use went into effect on January 1 - both laws ratified by voters via referendums.

The push by Sessions, who has been vocal about his disdain for legalizing marijuana, is likely aimed at states like California, Colorado and Washington, where the marijuana industrys impact is far greater than it is in Florida.

California adults 21 and older can possess as much as an ounce and grow up to six plants at home as of Monday.

"As long as compliant operators remain compliant, and follow the rules of the program, I think programs are going to continue", he said.

Sessions is essentially allowing federal prosecutors where pot is legal to decide how aggressively to enforce federal marijuana law. "This is an industry that Oregonians have chosen - and one I will do everything within my legal authority to protect", Rosenblum said. This decision will create massive uncertainty, hurt local businesses and tax revenue, and harm public safety by driving cannabis activity back into the more risky black market.

However, because hemp is cannabis, it too is illegal under federal law, which makes no distinction between marijuana and hemp.

The policy being rescinded is known as the Cole memorandum, and was enacted as a response to several states passing more lenient responses to non-violent marijuana crimes, and a few years later recreational use.

Eagles will face Falcons in Divisional Round after Rams exit playoffs early
Last year, it was Atlanta who had the all-conquering offence - what a difference a 12 months makes in the NFL . Los Angeles scored the final 10 points of the second quarter to cut Atlanta's lead to 13-10 at half-time.

Lalu Prasad Yadav Gets 3.5 Years Jail Term
RJD chief Lalu Prasad Yadav sentenced to 3.5 years in jail and Rs 5 lakh fine by Ranchi CBI court in a fodder scam case. There were 34 accused, out of which 11 died during the trial while one turned CBI approver and admitted to the crime.

Industry responds to coffee cups report
COFFEE lovers should be charged 25p for disposable cups, with revenue used to pay for improved recycling, MPs have urged. Starbucks said on Friday it would trial a 5p charge on takeaway coffee cups for three months in about 20 London cafes.

New Mexico is one of 29 states to legalize medicinal marijuana.

Since its inception, the industry had operated in a gray space between what their states allow and what the federal government doesn't. More at risk are the growers and distributors who could run afoul of federal drug-trafficking laws meant to target Mexican drug cartels or criminal organizations.

TORONTO - A move by the US attorney general to rescind an Obama-era policy that allowed legalized pot to flourish south of the border dealt a blow to marijuana stocks today, but observers and industry players say the crackdown is a boon for the Canadian cannabis industry.

Inslee says Washington will vigorously defend the state's laws against federal infringement. When Gardner goes to the Senate floor to point out, as The New York Times did in its latest blockbuster, that Trump and Sessions apparently plotted to fire Comey and cover up their work, then I'll call him bold. Lindsey Graham of SC in working heavily with Democrats to pursue a deal on immigration - and has stood apart from his party leadership in supporting Graham and Democratic Sen. While that's been good for security contractors and armored auto services, it's slowed institutional investment.

Marijuana revenue has been used in many ways throughout the state.

In fiscal 2017, legal pot sales in Washington state exceeded $1.3 billion and the state collected more than $300 million in excise taxes, according to the state Liquor Control Board.

Industry expert Matt Karnes of GreenWave Advisors said he thinks Thursday's announcement will give banks even more room for caution, while confusion about the federal priorities will keep some investors away. Cory Gardner (R-CO) said.

Thursday's announcement was met by strong bipartisan criticism across the country, from attorneys general and governors to members of Congress anxious about the impact on jobs and states' rights.

"This aggressive attempt by Mr. Sessions to move the country backward may in fact act as a catalyst to accelerate the timeline for federal changes", Karnes said.

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