That is an excellent and well written article that addresses the current state of MJ affairs since Jeff Sessions repealed the Cole memo.
Specifically, I like this part:
"The fact that marijuana has now risen to the height of top-tier budget negotiations is a sign that the pro-marijuana coalition is no longer merely a menagerie of loud-mouth hippies, stoners, and felons, as the pro-pot crowd has been characterized in the past"
"The best protection that Congress had been able to provide was the Rohrabacher-Farr amendment, which was passed in 2014 attached to an appropriations bill. It barred the DOJ from spending funds to interfere with the implementation of medical marijuana laws. But since then, a total of eight states have now passed full recreational use laws, mostly recently California, whose law took effect January 1. Rohrabacher-Farr (now known as Rohrabacher-Blumenauer, in honor of Democratic Representative Earl Blumenauer of Oregon, who co-sponsored the amendment) expire on January 19 if it is not renewed and does nothing to help recreationally legal states, hence the eagerness of marijuana advocates to shore up the industry’s legal standing with new legislation and Pelosi’s stated desire to bake in those protections in the budget that’s currently being negotiated."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.