The U.S. Department of Justice on Wednesday urged a federal judge to dismiss a lawsuit seeking to overturn the United States’ longstanding prohibition of marijuana, the latest court battle over federal policy under President Donald Trump’s administration.
Tag Archives: Donald Trump
Cortez Masto Urges President Trump to Protect State Marijuana Laws
WASHINGTON, D.C., Jan. 25, 2018 /Weed Wire/ – U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senator Elizabeth Warren (D-Mass.) and Representative Jared Polis (D-Colo.) in a bipartisan letter to President Trump requesting he urge Attorney General Jeff Sessions to reinstate the Cole Memorandum. Doing so would create a pathway to a more comprehensive marijuana policy that respects state interests.
Gov. Hickenlooper’s Statement on Trump Administration’s Decision to Rescind Policy Guiding Federal Approach to Marijuana Legalization
Gov. John Hickenlooper today released the following statement on the Trump Administration’s decision to rescind the Cole Memorandum.
National Cannabis Industry Association Responds to Department of Justice’s Move to Rescind Marijuana Enforcement Guidelines
WASHINGTON, Jan. 4, 2018 /Weed Wire/ — Today, U.S. Attorney General Jeff Sessions announced that the Department of Justice has rescinded the “Cole Memo” and two additional memos related to marijuana enforcement policy. These memos, issued in 2013 and 2014, have helped to clarify the Department’s response to state-legal cannabis activity.
Attorney General Rescinds Department of Justice Policy Regarding Federal Marijuana Enforcement
WASHINGTON, Jan. 04, 2018 /Weed Wire/ —Attorney General Jeff Sessions has rescinded the Department of Justice policy that directed federal law enforcement not to target individuals or businesses that are in compliance with state law.
Government Shutdown Could Allow Marijuana Crackdown
Funding for the federal government is set to run out on Friday, unless Congress enacts a bill extending current spending levels. Also set to expire is a current rider that prevents the Department of Justice from interfering with state medical cannabis laws.
The Double Whammy That Sent Marijuana Stock Insys Therapeutics Crashing
Shares of Insys Therapeutics, a small-cap biotech with a focus on pain management, plunged as much as 30% on Wednesday after receiving a double whammy.
GOP Congressman Wants Trump to Help Legalize Medical Marijuana
Rep. Matt Gaetz has been in Congress for less than a year, but the Florida Congressman has already become one of the House’s foremost leaders working to reform federal marijuana policies. Just one problem: GOP leadership doesn’t seem especially interested in giving the issue a fair shake.
Trump Extends Cannabis Protections ‘Til December as Plans for Study
In his temporary budget-dealing with Democrats, President Trump has agreed to continue a ban on using federal funds to interfere in states’ legal cannabis practices, but as 2018 nears, a government stance is largely still up in the air.
Marijuana Expo Drops Roger Stone as Keynote Speaker
On Sept. 6, 2017, organizers behind Cannabis World Congress & Business Expositions announced that the events in Los Angeles and Boston would no longer feature political provocateur Roger Stone as keynote speaker. The announcement comes after weeks of outrage and threats of boycott from marijuana organizations over Stone’s inclusion.
Governors of 2 Pot States Push Back on Trump Administration
Governors in at least two states that have legalized recreational marijuana are pushing back against the Trump administration and defending their efforts to regulate the industry.
Top Trump Advisor Roger Stone on What Changed His Mind on Marijuana
Roger Stone is a top Republican strategist, lobbyist, and longtime advisor to Donald Trump. He’s known for getting down and dirty in his lobbying, and in fact, is the subject of the popular Netflix documentary, Get Me Roger Stone, that explores the life and career of strategy and public policy. Recently however, Stone has had a change of heart on one hot-button issue in modern politics: Marijuana.
A Depleted Secret Service is Relaxing Their Rules on Marijuana
The head of the U.S. Secret Service is easing restrictions on past marijuana use by prospective recruits in an attempt to boost the ranks of the agency.
American Legion Lobbies Trump to Reclassify Marijuana
One of the largest veteran services organizations in the United States is making a push to change marijuana’s status as a Schedule I substance.
This New Study Should Encourage Marijuana Stock Investors
The marijuana industry, and marijuana stock investors for that matter, have been expanding by leaps and bounds over the past two decades. One good way to keep this up is through university-based clinical studies. Studies like these really fan the flame of what might be possible with cannabis-based medicines.
4 Things to Know Before Investing in Marijuana Stocks
The questions surrounding marijuana legalization have pushed many to wonder about the possibility of a marijuana stock bubble. And for good reason.
Future of Medical Marijuana Clouded by Trump’s Signing Statement
On May 5, 2017, President Donald Trump signed the 2017 omnibus funding bill, covering the federal government’s funding through Sept. 30. The bill contains a provision that bans the Department of Justice from using funds to enforce federal marijuana laws in states that have legalized medical marijuana; however, Trump issued a signing statement that has clouded the future of medical marijuana.
Is Now the Time to Invest in Marijuana Stocks?
With multiple companies showing returns of more than 100%, you have what has turned into one of the more attractive sectors for investors in 2017. But is this the right move? Are marijuana stocks worth it? Most importantly, is now the time to invest in marijuana stocks?
Christie Hammers Backers of Legalizing Marijuana in New Jersey
Gov. Chris Christie on Monday unleashed a diatribe against the increasing push to legalize recreational marijuana in New Jersey, warning that it’s “not time for us to be cool and say, ‘Pot’s OK.’”
The Trump Administration’s Reefer Madness on The Daily Show
In honor of 4/20, The Daily Show host, Trevor Noah, breaks down how Attorney General Jeff Sessions is ramping up enforcement of marijuana laws and makes the case that President Trump is always high.
Colorado Ends Plans for Pot Clubs Over Trump Uncertainty
Colorado lawmakers on Thursday backed off plans to become the first U.S. state to regulate marijuana clubs, saying approval of Amsterdam-style pot clubs could invite a federal crackdown.
5 Drug-Developing Marijuana Stocks You Need to Know
Medical marijuana remains the safest investment route — if you’re forced to choose one — so here’s a brief rundown of the cannabinoid-based drugs working their way through clinical and preclinical trials.
Stephen Colbert Tackles Jeff Sessions’ Views on Weed
Stephen Colbert takes on Attorney General Jeff Sessions and his strong stance on marijuana on The Late Show with Stephen Colbert.
Analyst: ‘Don’t try to be Warren Buffett’ With Pot Stocks
Beyond the legal issues, the problem for investors is that the industry is filled with small publicly traded companies that are risky bets at best, and outright fraudulent at worst.
Senator Wants California Legislature to Urge Trump to Reschedule Marijuana
On March 21, 2017, California Sen. Jeff Stone, R-Temecula, presented a resolution to the Senate Standing Committee on Public Safety that would have the California State Legislature urge the United States Congress to pass legislation to reschedule marijuana and have President Donald Trump sign it.
Marijuana Stocks and Indices on a Downtrend
Major cannabis stock indices have been falling for three consecutive weeks, ever since White House Press Secretary Sean Spicer suggested the federal government would enforce federal law in states where recreational weed has been legalized.
4 Reasons Your Marijuana Investment Could End in Tears
Marijuana has quickly become the next “can’t miss” investing idea for investors across North America. Despite this huge potential market, people are reluctant to put any of their cash into this market
Horwitz and a Hopeful View of the Trump Effect
The second day at the California Cannabis Business Expo, Monday, March 6, kicked off with a discussion of the “Trump effect,” by Lawrence W. Horwitz, of Horwitz + Armstrong, a law firm and professional corporation headquartered in Lake Forest, California.
Why Trump Could Be Good For The Cannabis Industry
“The Trump effect is good news for the cannabis industry,” said lawyer Lawrence Horwitz at the California Cannabis Business Expo in San Diego on Monday. That comment shocked many attendees who fear that the Trump administration is going to crack down on recreational marijuana.
Marijuana Stocks Are Bound to Love This New Pot-Friendly Survey
A newly released survey from the independent Quinnipiac University really demonstrates just how strongly the American public wants to see marijuana legalized, and how certain they are that state’s rights should prevail.
Marijuana Helped the World’s Top Hedge Fund Gain 145%
Bets on marijuana companies helped an Australian manager soar 145 percent last year to become the world’s best-performing hedge fund.
3 Marijuana Stocks to Buy on a Federal Crackdown
A federal crackdown on marijuana isn’t bad news for all marijuana stocks.
Marijuana Stocks Trend Down in Light of Trump Administration’s Remarks
While President Donald Trump vowed on his campaign trail to let states decide the fate of marijuana legalization, recent comments by the Trump Administration seem to negate his campaign promise and have created a ripple effect in the public cannabis markets.
Has Recreational Marijuana Use Become Too Big to Jail?
Enforcing marijuana laws: FNC’s Alicia Acuna on concerns the Trump Administration may get tougher on enforcement of federal laws against recreational marijuana use.
Industry Responses to Trump Administration’s Stance on Cannabis
On Feb. 23, 2017, during a daily briefing, White House Press Secretary Sean Spicer answered a reporter’s question regarding marijuana enforcement, prompting immediate reactions from members of the legal cannabis industry.
Marijuana Advocates Take Cautious Approach to White House Warning
White House Press Secretary Sean Spicer on Thursday made comments about marijuana that both ignited concern in some and sparked hope in others within the state of California.
Cannabis Caucus Weighs in on Potential Threat to Legal Cannabis
The newly formed House Cannabis Caucus, co-launched by Alaska Republican Congressman Don Young, responded Thursday to a statement from a White House spokesman about potentially increasing federal prosecution of recreational smokers.
Polis Statement on Trump Administration’s Stance on Recreational Marijuana
WASHINGTON, Feb. 23, 2017 /Weed Wire/ — Rep. Jared Polis (D-Colo.) released the following statement after White House Press Secretary Sean Spicer suggested that the Trump administration will step up enforcement of federal laws against recreational marijuana.
Cannabis Caucus Responds to WH Statement on Marijuana Policy
WASHINGTON, Feb. 23, 2017 /Weed Wire/ – The bipartisan Congressional Cannabis Caucus – co-chaired by Reps. Don Young (AK-At Large), Earl Blumenauer (OR-03), Dana Rohrabacher (CA-48), Jared Polis (CO-02) – today released the following statement in response to White House Press Secretary Sean Spicer’s suggestion that the Trump administration will step up enforcement of federal laws against recreational marijuana.
Trump Administration May Order ‘Greater Enforcement’ of Marijuana Law
During a White House Daily Briefing on Feb. 23, 2017, press secretary Sean Spicer gave insight into how the Trump Administration may proceed in regards to the enforcement of federal marijuana law.
Congressional Cannabis Caucus Aims to Shape Future of Cannabis Policy
On Feb. 16, 2017, the Congressional Cannabis Caucus held a press conference in Washington, D.C., to address the future of cannabis policy reform in the United States.
US Attorney General Says ‘Good People Don’t Smoke Marijuana’
Jeff Sessions was sworn in as the new U.S. Attorney General Thursday. Sessions was confirmed Wednesday with a 52-47 vote, vowing in his subsequent speech to “defend the lawful orders” of President Donald Trump. The Attorney General is known for his criticism regarding the legalization of marijuana.
New Jersey Cannabusiness Association Statement on Appointment of Attorney General Jeff Sessions
TRENTON, N.J., Feb. 10, 2017 /Weed Wire/ — With the confirmation and swearing in of U.S. Attorney General Jeff Sessions, those in the cannabis industry are more than a little concerned.
MPP Issues Statement Regarding the Confirmation of Jeff Sessions as Attorney General
WASHINGTON, Feb. 9. 2017 /Weed Wire/ — The Marijuana Policy Project (MPP) has issued the statement below regarding the Senate’s confirmation of Jeff Sessions as attorney general on Wednesday evening.
NCIA Statement on Confirmation of Sen. Sessions for Attorney General
WASHINGTON, Feb. 9. 2017 /Weed Wire/ — National Cannabis Industry Association executive director Aaron Smith issued the following statement in response to Senator Jeff Sessions’ confirmation as new U.S. Attorney General.
Scotts Miracle-Gro Spends More Than $200 Million on Hydroponics
The lawn-and-garden company Scotts Miracle-Gro has spent more than $200 million on all things related to hydroponics in hopes of making money from the growing legal marijuana sector, according to the Columbus Dispatch. Scotts Miracle-Gro plans to hold its next board of directors meeting in Colorado, where marijuana was legalized for adult use in 2014.
Should Cannabis Stocks Fear Supreme Court Nominee Neil Gorsuch?
While there are a number of big issues and industries that could be impacted by the Gorsuch nomination (should he be confirmed), the marijuana industry and marijuana stocks have to be wondering how this nomination could impact them.
Boulder District Attorney Named One of Trump’s Marijuana Advisors
Boulder District Attorney Stan Garnett said he is the only active prosecutor from Colorado in the group of prosecutors from across the country who will help advise the Donald Trump administration on marijuana policies.
Illinois Urges Trump to Issue Guidance on Marijuana Banking
In response to President Donald Trump’s nomination of Jeff Sessions for Attorney General, Illinois State Treasurer Michael Frerichs announced on Jan. 24, 2017, that he sent a letter to Trump urging him to issue clear guidance to banks on working with the legal marijuana industry.
How to Organize a Pro-Cannabis Demonstration With Over 4,200 Free Joints
Complex News’ Nadeska Alexis and Speedy Morman visit the DCMJ headquarters in Washington D.C., ahead of Donald Trump’s inauguration to find out how organizers put together their Trump 420 demonstration and rolled over 4,200 joints, which were handed out for free and smoking Trump’s inaugural speech.