by Mish Shedlock, MishTalk:
Attorney General Jeff Session is taking aim legalized marijuana. His effort is not only foolish. It cannot possibly work
Sessions is expected Thursday to announce his intentions to repeal a 2013 Obama-era policy that’s protected legalized marijuana from federal intervention, according to two sources with direct knowledge of the decision.
The policy change would allow for each state’s U.S. attorneys to decide whether to aggressively enforce the federal marijuana law — even if the substance has already been made legal in their state, according to the sources, who spoke to the AP on the condition of anonymity.
The Obama administration in what’s been dubbed the “Cole Memo,” announced it would not prevent states from legalizing marijuana as long as the substance is kept away from minors and criminals. The memo, authored by then-Deputy Attorney General James Cole, also required officials to prevent it from reaching places where it was still illegal.
In October a poll found that 64% of Americans support legalizing marijuana, with both political parties mostly in favor.
Sessions, a vocal critic of marijuana, has been expected to crack down on federal enforcement. In November he hinted at repealing the memo, telling reporters there would likely be changes to the Obama-era guidelines.
“It’s my view that the use of marijuana is detrimental and we should not give encouragement in any way to it, and it represents a federal violation, which is law and is subject to be enforced,” he told The Sacramento Bee at the time.
He’s previously blamed the substance for spikes in violence and has compared it to heroin.
Pot Stocks Plunge
Bloomberg reports Pot Stocks Plunge on Report U.S. to Rescind Expansion Policy
- Canopy Growth, the world’s largest medical marijuana producer, fell 10 percent to C$32.21 at 9:38 a.m. in Toronto
- Aphria plunged almost 13 percent to C$18.73, the most since Oct. 17.
- MedReleaf fell 6.5 percent to C$28.01, its biggest decline since Nov. 14.
Sessions a Foolish, But Dangerous Neanderthal
It’s pretty clear that Sessions is a dangerous Neanderthal. It’s not clear whether or not Trump put him up to this ridiculous task, but it is clear Sessions has done nothing but make a big fool out of himself, assuming the report is true.
- For starters, with 64% of the US supporting legalized cannabis, Sessions is entering a battle against public opinion he cannot possibly win.
- Secondly, what can Sessions possibly achieve? Are states that legalized cannabis actually going to go out and enforce Federal law? The notion is ridiculous.
- Finally, millennials are going to swing hard left in the next election instead of sitting it out as many did in the last election.
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