Legal Weed Could Create $50+ Billion in Federal Tax Revenue

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The poll comes just one week after U.S. Attorney General Jeff Sessions unraveled Obama-era guidelines instructing federal agencies to defer to states' policies on marijuana.

New Hampshire lawmakers approve marijuana legalization.

"There's a lot of legislation. but this is the home run ball, if you will", Garrett told the News Service on Thursday.

Sens. Lisa Murkowski and Dan Sullivan have suggested it may be a bridge too far to take marijuana off the Schedule I list under the Controlled Substances Act, but that should be the easiest call.

Weiner has been working with companies and investors successfully over the past year in Colorado and other states and understands the legal landscape of the cannabis industry.

"It would not legalize". As reported by CBS News, in his memo rescinding the previous guidance on marijuana, Sessions noted a study that showed a 20 percent increase in marijuana usage by young people in 2014 in Colorado.

Garrett said his interest in ending the federal prohibition on marijuana is not grounded in a belief that marijuana should be freely available, but rather in the notion that laws should be applied uniformly. The only demographic groups not embracing legalization were Republicans (33%) and people over 65 (41%). "So that is manifest injustice on its face", Garrett said. Unlike most states, ME splits its electoral votes by congressional district, and Trump won the vast 2nd District, home to both New England conservatism and a marijuana culture. "It's about equal justice".

Truly, it is an wonderful thing to hear those with the power to change the law demanding the Attorney General not do his job because they have failed to do theirs.

"With the change in the capital markets, the growth of the cannabis sector generally, it's opened the door for us to be able to create an ETF that is much more specialized for marijuana growers", Steve Hawkins, co-chief executive officer of Horizons, said in a phone interview.

Twenty-nine states, including Florida, have some kind of medical marijuana system; nine states, plus the District of Columbia, have legalized it. "The federal government should not interfere with the will of the people". According to this poll, 56 percent oppose federal efforts to stop the sale and use of marijuana in legal states - 44 percent STRONGLY opposed federal interference.

"It could lead to full legalization or reclassification of marijuana to one where federal penalties for those engaging in state-legalized activity will be removed", Touchberry wrote in an email. In October of 2017, a Gallup survey found that 64 percent of Americans now favor legal marijuana-the highest level ever recorded.

Dr. Julia Arnsten, a professor at Albert Einstein College of Medicine, said at a state Assembly hearing this week that states that have medical marijuana average a lower rate of opioid-related deaths than states without. That would leave it up to each state and its voters to decide whether legalization works for them.

Regarding the Justice Department decision about legal marijuana use: Whatever happened to states' rights, the cornerstone of the administration's decisions regarding public lands, oil drilling and gun control (or lack thereof)? But any such Republicans who felt Trump would be a pro-marijuana president were misguided, said Jeffrey Miron, a Harvard University economist who studies the economics of libertarianism with a focus on illegal drugs. "Congress has unambiguously made it a federal crime to cultivate, distribute and/or possess marijuana".

Brian Vicente, a Denver attorney who co-wrote Colorado's 2012 constitutional amendment legalizing recreation marijuana, said the industry will closely examine the background of any new U.S. attorney nominees.