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Mixed messages for the marijuana business

Mixed messages for the marijuana business

January brought some strong but mixed messages to the marijuana business community.

On the one hand, California legalized adult recreational use of marijuana Jan. 1, bringing the scale and business heft of the world’s sixth largest economy to the issue.

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On the other hand, U.S. Attorney General Jeff Sessions announced a lifting of the Obama-era “Cole memo,” which had given comfort to marijuana businesses in states that had already voted for legalization.

Sessions did not order any particular sort of crackdown but rather returned the authority to prosecutors to enforce federal drug laws, even in “legalization” states.

Marijuana Business Daily’s Vice President Chris Walsh told me a crackdown remains unlikely in states that have made marijuana legal, but business owners did not appreciate the signal.

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credit:houstonchronicle.com

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