‘I Probably Will’ Back Effort To End Federal Ban On Marijuana

Canada closer to legalising marijuana after senate vote in favour

"Instead, it allows the principle of federalism to prevail as the founding fathers intended and leaves the marijuana question up to the states", Mr. Gardner said in a Twitter post on Thursday.

But in states such as California that have legalized marijuana, it would bring the cannabis industry out of its current financial limbo by giving the industry access to banks and other financial institutions, which previously have been off-limits because of federal prohibitions.

The bill would remove industrial hemp from the definition of marijuana and clarify that state-legal marijuana transactions do not constitute trafficking, an attempt to address banking and finance barriers the federally-illegal marijuana industry faces. The bill, known as the STATES Act, would not legalize marijuana nationally. Elizabeth Warren (D-Mass.), would reshape the legal landscape for marijuana. "I was glad to hear the president's comments this morning and his continued interest in an approach that respects the will of the voters in each state regarding the prohibition or legalization of marijuana". But federal law still prohibits it.

Gardner, for his part, said in a Thursday press conference announcing the bill that he had spoken with Trump about the bill. "That's bad for business and bad for safety". "The act creates a carve out for states rights and will allow the legal cannabis industry in the U.S.to compete with the rest of the world". Warren quipped they were "lining them up like Noah's Ark" - one Democrat for each Republican. "I think in the previous conversation we had he talked about the need to solve this conflict between state and federal law", Gardner says.

President Trump is signaling he's willing to support a move toward the legalization of marijuana, which would be a departure from the position of his attorney general, Jeff Sessions. "This bipartisan proposal clears the way for states to develop their own marijuana policies without fear of federal intervention".

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Gardner blocked a series of Trump appointments to the Department of Justice until Trump promised to back off Colorado's drug regime in April.

In addition to exempting state-legal MJ businesses from federal drug laws, the Warren-Gardner bill would effectively permit such companies to take ordinary tax deductions and put their money in federally insured banks.

The Senate has approved the Trudeau government's landmark legislation to lift Canada's 95-year-old prohibition on recreational cannabis - but with almost four dozen amendments that the government may not entirely accept.

Gardner's home state of Colorado was one of the first to legalize marijuana, in 2012.

Sessions has also said he believes that the marijuana legalization movement is a serious contributing factor in the country's opioid crisis and overdose deaths.

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