InvestorsHub Logo
Followers 164
Posts 17226
Boards Moderated 0
Alias Born 09/13/2007

Re: None

Thursday, 01/18/2018 9:10:59 PM

Thursday, January 18, 2018 9:10:59 PM

Post# of 30141

California Lawmakers Pressure Sens. Harris And Feinstein On Marijuana-

Published 3 hours ago on January 18, 2018
By Tom Angell

A group of ten U.S. House members from California are calling on the state’s two senators to do more to push back on the Trump administration’s decision to rescind protections for state marijuana laws.
“As you know, in November 2016, the people of California spoke up and voted in favor of Proposition 64, which legalized recreational cannabis… The recent action by the Attorney General put the industry in jeopardy,” the bipartisan group of ten members of Congress wrote to U.S. Sens. Kamala Harris and Dianne Feinstein, both Democrats.
“To increase pressure, we are calling on you to block nominations to the Justice Department until the Attorney General reinstates the Cole Memo,” the House lawmakers said.
While Feinstein has long been one of Congress’ most ardent opponents of marijuana legalization, Harris has in recent weeks repeatedly criticized the move by U.S. Attorney General Jeff Sessions to tear up Obama-era guidance that has generally allowed states to implement their own marijuana laws without federal interference.
But despite tweeting a lot about marijuana and starting an online petition on the issue through which her campaign apparatus is able to collect e-mail addresses, Harris hasn’t yet added her name as a cosponsor of a single one of the various cannabis reform bills her Senate colleagues have introduced.

Now, the House members, led by Reps. Lou Correa (D) and Dana Rohrabacher (R), are asking her and Feinstein to prevent Sessions from being able to confirm new U.S. attorneys or other Justice Department nominees until he reverses the anti-marijuana move.
“The legalization of cannabis will spur economic growth and provide sales tax revenues,” they write.


Within hours of Sessions’s announcement of rescinding the marijuana protections, Republican Sen. Cory Gardner of Colorado vowed to place a hold on all Justice Department nominations over the issue.




Published 7 hours ago on January 18, 2018
By Tom Angell

A top official with the U.S. Treasury Department says the Trump administration is currently reviewing whether to keep or rescind Obama-era guidance that provides a process for banks to serve the marijuana industry without running afoul of federal regulators.
“We are reviewing the guidance in light of the attorney general’s recent decision to revoke a Justice Department memorandum on this issue,” Sigal Mandelker, the department’s deputy secretary, said at a Senate hearing on Wednesday.

Join the InvestorsHub Community

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.