Even with California, the sixth biggest economy in the world, legalizing pot, incongruities in state and federal law hinder growth in the marijuana market.
That’s according to Paul Armentano, Deputy Director of the National Organization for the Reform of Marijuana Laws (NORML).
“Californians, like most Americans, believe that it’s preferable to have the commercial marijuana market governed by licensed businesses, rather than by cartels and drug dealers,” Armentano said.
“But unfortunately these businesses, even when they are state compliant and locally compliant, largely cannot act in a transparent manner, because they do not have access to banking. They can’t run credit cards, and we see little accountability or transparency because of this conflict with the federal government.”
But there might be some progress. Legalizing marijuana on a federal level has gained bipartisan support in Congress, with Representatives Tom Garrett (R-VA) and Tulsi Gabbard (D-HI) introducing a bill last March calling for an end to marijuana prohibition on the federal level.
The “Ending Federal Marijuana Prohibition Act of 2017” would put legislative power in the hands of states and remove cannabis as a Schedule I drug. Knowingly taking marijuana to a state where it’s prohibited, though, would still be subject to criminal penalties.
For full interview [click here](https://cheddar.com/videos/weed-across-america-federal-vs-state-laws).
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
