Many in the industry said they’re keeping a wait-and-see attitude because the effect of Attorney General Jeff Sessions’ announcement depends on whether federal prosecutors crack down on marijuana businesses operating legally under state laws.
The poll also noted that there are only two demographics in the United States that oppose marijuana legalization: People over 65 and Republicans.
Earlier this month, Attorney General Jeff Sessions issued a memorandum rescinding existing Justice Department guidance on marijuana enforcement.
The prospect of an aggressive federal prosecutor swooping in isn’t just a threat to marijuana businesses, but also anyone who does business with them, such as financial institutions or landlords. What will happen to those folks, among others currently engaged with the industry, has now been thrown into a new state of uncertainty by Sessions’ move. The legal businesses that have sprung up around marijuana, pot, weed, hemp, cannabis, whatever you want to call it, were valued around $8 billion a year ago.
For now, the impact can vary according to the jurisdiction of each USA attorney.
Farmers need warehouse space, and they purchase specialized equipment like lighting and irrigation for marijuana growth.
The bill would make it a crime punishable by a fine and/or a one-year prison term to “knowingly ship or transport marijuana into a state where its receipt, possession, or sale is prohibited”.
While governments struggling to keep up with the cost of everything from worker pensions to paving streets are eager for the cascade of new tax money from commercial pot sales, some worry the new high taxes may send people back to the black market for weed. Five other states have legalized recreational use, while dozens permit medicinal use. “But I’d say the chances of passage are slim”. The January 4 announcement by Attorney General Sessions has given rise to questions about the continued sustainability of industrial hemp in states where such activities are legal.
In 2016, Long Beach voters passed two local measures that together regulate and tax marijuana businesses, and a year ago, the City started issuing business licenses to medical-marijuana dispensaries as owners completed a rigorous application process.
Here’s what we know right now. States have been passing laws easing up on the prohibition against marijuana since 1973, when OR took the first plunge to decriminalize weed.
And then delays of the employer mandate and numerous other Obamacare tweaks made it impossible for anyone to prepare for the onslaught of changes ushered in by the new health care law, which members of Congress duly reminded Americans.
Kevin Sonoff, a spokesman for Williams, told the Statesman Journal, “At this time, we are going to hold off doing any further interviews or providing comments in advance of the summit”.
“We believe that it is critical for our local, state, and particularly federal elected officials to take all actions necessary to protect the positive progress we’ve made toward federally legalizing cannabis, creating new well-paying jobs, saving patients’ lives, and working to restore the rights of people who have been harmed by prohibition”, said Guerrero. As indicated by a statement provided by Grant Miller, the Education and Outreach Coordinator for Ohio’s Board of Pharmacy, “The Ohio Medical Marijuana Control Program is following the legislative guidelines set up by HB523”. The HIA will continue to be work with fellow hemp organizations in support of pro-hemp policies to ensure the Farm Bill offers more comprehensive language to improve and expand upon the reintroduction of industrial hemp as an agricultural commodity in the US. However, that same study Sessions referenced ran through 2016, and it actually reported an overall 13 percent reduction in those under the age of 18 using marijuana.