Trump says he is likely to support ending federal ban on cannabis

  • Trump says he is likely to support ending federal ban on cannabis

Trump says he is likely to support ending federal ban on cannabis

The president's remarks place him in conflict with U.S. Attorney General Jeff Sessions, an outspoken opponent of marijuana who lifted an Obama administration policy and freed federal prosecutors to more aggressively pursue cases in states that have legalized marijuana.

While running for president, Trump repeatedly said that he believed marijuana legalization should be up to states.

"The States Act is a great example of bipartisan legislation and how this country is meant to work", said Erik Knutson, chief executive of Keef Brands, which sells cannabis-infused beverages.

Concerns about federal law enforcement seizures have inhibited most lenders from working with marijuana businesses.

It's a federal bill that would determine the best approach for states to police marijuana within their borders.

The bill, known as the Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, has also garnered support in the House from Reps.

In response to that decision, Garnder threatened to hold up future nominations for positions in the Department of Justice. "He talked about his support for a states' rights approach during the campaign".

The bill in question, pushed by a bipartisan coalition, would allow states to go forward with legalization unencumbered by threats of federal prosecution.

Chip Paul of Oklahomans for Health, the group that gathered enough signatures for medical marijuana to appear on the ballot, praised Trump's comments.

That action led Sen.

Despite harsh differences on trade and Russia, President Donald Trump may find the atmosphere at this weekend's Group of Seven meeting pretty mellow.

The measure, unveiled at a Capitol Hill news conference, wouldn't legalize the drug in states that haven't sanctioned its use or sale.

The federal recreational cannabis bill has been given the greenlight in the Senate, however the it is now heading back to the House of Commons with with almost four dozen amendments. "Additionally, the bill would grant marijuana businesses access to the federal banking system, allowing Wall Street investment on an unprecedented scale". The senator opposed legalization at the time but has since defended Colorado's legal marijuana industry from federal meddling.

For years, major banks and other financial institutions have refused to open accounts for legal marijuana growers and retailers due to federal prohibition, forcing entrepreneurs to do business with large amounts of cash.

Under the legislation, people 21 and over could possess, buy, use or transport an ounce or less of marijuana.