Attorney General Jeff Sessions recently rescinded Obama-era rules related to the enforcement of federal laws regarding marijuana.
The move by Sessions has been met with fierce resistance from law makers in states where cannabis is legal. Clearly they enjoy the added revenue the taxes related to recreational marijuana brings in and are willing to fight tooth and nail to keep that revenue. Perhaps that’s because those lawmakers actually know how to add.
When you consider the fact there is only $89 trillion in the world today, and the U.S. national debt sits at $22 trillion, you’d think the feds would look for revenue anywhere they can get it.
But alas, Mr. Sessions seems more interested in maintaining his elitist ties than supporting state rights.
This definitely is a blow to all of the recreational cannabis vendors in weed legal states, and it will be interesting to see what happens in the OTC with these weed stocks.