Thursday, 26 April, 2018

Pot stocks surge on news Trump favours giving states latitude on legalization

Pot stocks surge on news Trump favours giving states latitude on legalization Pot stocks surge on news Trump favours giving states latitude on legalization
Andrew Cummings | 16 April, 2018, 01:45

While Attorney General Jeff Sessions has rescinded an Obama policy that denied the use of federal resources to go after marijuana users and growers in states where their activities are legal, Trump has now apparently promised a Colorado senator that his administration will continue to leave such states alone and let them follow their own policies.

"Since the campaign, President Trump has consistently supported states' rights to decide for themselves how best to approach marijuana", Senator Gardner said in a statement.

In February, Gardner lifted most of the holds he put on the Justice nominees the month before.

This story is developing and will be updated.

The Justice Department issued a memo on federal marijuana enforcement policy in early January, in which Attorney General Jeff Sessions directed all US attorneys "to enforce the laws enacted by Congress and to follow well-established principles when pursuing prosecutions related to marijuana activities". "Late Wednesday, I received a commitment from the President that the Department of Justice's rescission of the Cole memo will not impact Colorado's legal marijuana industry".

Trump offered qualified support for legalisation while on the presidential campaign trail, saying that medical marijuana "should happen" and that laws regarding recreational usage should be left in the hands of individual states.

"The president did speak with Senator Gardner yesterday and again today", Sanders told reporters on Friday at the White House, adding, "the president is a firm believer" in states' rights.

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Under Sessions's approach, USA attorneys in states where pot is legal were given approval to prosecute cases where they see fit. Attorney General Jeff Sessions instead directed US attorneys to use prosecutorial discretion. As a result, the Senator blocked all appointments for about 20 Justice Nominees. "So we're reluctant to reward that sort of behavior".

Sessions has been a staunch opponent of marijuana legalization throughout his political career.

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Following Wednesday night's phone call with the President, the Senator is now backing down from his blockade.

In addition to Gardner's holds, DOJ has faced notable bipartisan pushback from Capitol Hill when it comes to marijuana.

The White House is reportedly seeking to build a case for the firing of Rosenstein and has asked allies outside of the administration to publicly attack the deputy attorney general and Mueller's probe.

Separately, former House Speaker John Boehner, R-Ohio, announced this week that he was joining the board of directors for a cannabis company and engaged in efforts to allow veterans to access marijuana for medicinal use.

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