Thursday, January 04, 2018 9:56:53 PM
The regulated marijuana industry has created tens of thousands of American jobs and provided hundreds of millions of dollars in needed tax revenue to state and local governments, while at the same time serving to disintermediate the black market that has existed since the beginning of the federal marijuana prohibition. Turning the clock back twenty years and re-opening the door to criminal cartels is counterproductive and serves no practical purpose. In addition, the federal government has traditionally relied upon state and local law enforcement in the area of marijuana enforcement, given the federal government's limited resources and prioritization of serious harmful drug offenses that do not involve marijuana. In states where the voters have adopted regulated medical and/or adult use marijuana programs, there is little reason to believe that state and local prosecutors and law enforcement will prioritize assisting in the enforcement of federal law pertaining to state licensed marijuana operations.
For all of these reasons, we would expect that today's action will have little or no material impact on federal prosecution priorities in states that have adopted regulated medical and/or adult use marijuana programs. We believe that regulated businesses that scrupulously comply with applicable state laws and regulations need not be alarmed by today's events, and we intend to continue to make it our highest priority to instill a culture of strict compliance at each of our regulated cannabis operations throughout the United States.
It is worth noting that the President has clearly indicated in the past his support for medical marijuana and the rights of the states to decide their own policies in the area of marijuana legalization, just as the states have the power to regulate -- and tax -- the alcohol and tobacco industries.
It is also worth noting the overwhelming support among the American people for regulated marijuana and the rights of the states to decide for themselves what their marijuana laws should be. Recent polling data shows that 94% of the American electorate supports medical marijuana, and 64% support adult use laws, including a majority Republicans. Additionally, 76% of American voters, including 72% of Republicans, believe the federal government should not interfere with the rights of states to determine their own marijuana laws, according to survey data published by Gallup in October 2017.
Recent CRON News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 09:03:08 PM
- Lord Jones® Live Resin Vapes and Ice Water Hash Pre-Rolls Now Available Across Canada • GlobeNewswire Inc. • 08/28/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 09:03:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 09:02:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 09:01:17 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 11:32:54 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 11:31:44 AM
- Cronos Group Reports 2024 Second Quarter Results • GlobeNewswire Inc. • 08/08/2024 11:30:00 AM
- U.S. Index Futures Drop, Signaling Ongoing Market Volatility; Oil Prices Stall • IH Market News • 08/08/2024 09:55:44 AM
- Cronos Group Inc. to Hold 2024 Second Quarter Earnings Conference Call on August 8, 2024 • GlobeNewswire Inc. • 07/25/2024 08:15:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 07/22/2024 08:32:05 PM
- Cronos Group Inc. Announces Results of Reconvened 2024 Annual Meeting of Shareholders • GlobeNewswire Inc. • 07/22/2024 08:15:00 PM
- Cronos Group Inc. to Reconvene Virtual 2024 Annual Meeting of Shareholders • GlobeNewswire Inc. • 07/05/2024 08:30:00 PM
- Cronos Brand Spinach® Celebrates Summer with New Launches • GlobeNewswire Inc. • 06/27/2024 11:30:00 AM
- Cronos Group Inc. Announces Results of 2024 Annual Meeting of Shareholders • GlobeNewswire Inc. • 06/21/2024 08:30:00 PM
- Cronos Group Announces Expansion of GrowCo to Fuel Global Growth • GlobeNewswire Inc. • 06/20/2024 12:12:02 PM
- Cronos Group Inc. to Speak at Bernstein's 40th Annual Strategic Decisions Conference • GlobeNewswire Inc. • 05/29/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:32:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:32:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 09:02:27 PM
- Cronos Terminates Sale-Leaseback of Peace Naturals Campus • GlobeNewswire Inc. • 05/28/2024 08:45:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/15/2024 09:02:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:09:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:06:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:05:10 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM