Pot stocks surge on news Trump favours giving states latitude on legalization

Pot stocks surge on news Trump favours giving states latitude on legalization

Pot stocks surge on news Trump favours giving states latitude on legalization

"We applaud this commitment from President Trump, who promised during his campaign to take a federalist approach with regard to marijuana policy", Altieri said in a statement.

"Since the campaign, President Trump has consistently supported states' rights to decide for themselves how best to approach marijuana", Mr. Gardner said in a statement on Friday. In a phone call earlier this week, Trump assured Gardner that Colorado's legal marijuana industry is safe from federal interference, ending a standoff between the senator and the U.S. Department of Justice over states' rights to legalize the plant.

High-profile elected officials in Colorado supported the state's right to continue selling recreational pot.
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Republican Senator Cory Gardner (CO) says that he has received a verbal commitment from President Donald Trump specifying that the administration will not take action to disrupt marijuana markets in states that legally regulate the substance.

President Trump was reportedly so enraged by an Federal Bureau of Investigation raid of his personal attorney's office and hotel that he is now on the brink of firing Rod Rosenstein, the deputy attorney general he appointed, as well as Attorney General Jeff Sessions.

Thirty states have enacted statutes regulating the use of marijuana for medical purposes.

Sen. Cory Gardner was encouraged by Trump's announcement.

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But Gardner is now dropping those blocks after receiving an agreement from the president to respect state cannabis laws.

The January memo from Sessions stated that prosecutors should use their discretion in weighing whether charges were warranted, rather than abiding by the Obama-era guidance. Will Trump's assurances prove to be similar to Jeff Sessions' assurances? But now he's dropped his stand after the President said he would support a bill that would protect states rights, even though that bill doesn't even exist yet?

"Clearly, we've expressed our frustration with the delay with a lot of our nominees and feel that too often, senators hijack a nominee for a policy solution", Short added. "But at the same time, we're anxious to get our team at the Department of Justice". It may be modeled on a 2014 budget amendment that prevented the Department of Justice from spending money to enforce federal laws against marijuana users and businesses in states that legalized the drug and were following all applicable state laws.

Senator Gardner reiterated that he and his colleagues "are continuing to work diligently on a bipartisan legislative solution (to the state/federal conflict) that can pass Congress and head to the President's desk".

The White House is reportedly seeking to build a case for the firing of Rosenstein and has asked allies outside of the administration to publicly attack the deputy attorney general and Mueller's probe.

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