Trump signals support for states deciding to legalise marijuana

Trump signals support for states deciding to legalise marijuana

President Donald Trump says he's inclined to support a bipartisan effort in Congress to ease the us ban on marijuana.

Gardner introduced the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act with progressive firebrand Sen. Cory Gardner and Elizabeth Warren. "We're looking at it, but we'll probably end up supporting that, yes". He backed down after he said Trump had agreed not to intervene in states that had legalized the drug, and said privately that he would support Garnder's legislation.

Gardner's bipartisan legislation, which also has backing in the House of Representatives, would bar the federal government from interfering with any state-approved marijuana legalization and permit marijuana businesses to use the federal banking system.

California, home to one in eight Americans, launched the nation's largest legal marijuana marketplace on January 1 but thousands of businesses that have been licensed are still facing the threat of federal prosecution.

Trump's nod of approval for the bill puts him again at odds with Attorney General Jeff Sessions - whose public comments and decision to rescind the Cole Memo put him squarely at odds with the states' rights argument for marijuana regulation.

Banks are often cautious to provide services to cannabis-related businesses due to potential legal ramifications and conflicts between federal and state laws. Cory Gardner (R-Colo.), who is aligned with Trump on several issues but recently has tangled with the administration over the Justice Department's threatened crackdowns on marijuana. Medical marijuana is already legal in Canada.


Nine states have now legalized recreational marijuana and 29 others have legalized it for medical purposes. "Not putting words in the mouth of the White House, but I think this will be an opportunity for us to fulfill what is that federalism approach".

Canadian marijuana companies like Canopy Growth Corp, Aphria Inc, Horizons Marijuana Life Sciences ETF and Aurora Cannabis Inc have been at the center of investor frenzy surrounding attempts to legalize marijuana for recreational use nationwide.

Warren pushed back on the suggestion, voiced by a reporter, that the bill is unlikely to pass Congress in an election year, despite the president's backing.

A House version is being co-sponsored by Reps. Gardner described marijuana legalization as a matter of states' rights.

This week, Mr. Trump commuted the sentence of Alice Johnson, a 63-year-old serving a life term in federal prison for a nonviolent drug conviction. "This bipartisan proposal clears the way for states to develop their own marijuana policies without fear of federal intervention".

Advocates who support the end of federal marijuana prohibition were hopeful that Trump's remarks could lead to meaningful policy change.

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