How Marijuana Companies are Responding to AG Session's Crackdown
Attorney General Jeff Sessions issued a memo rolling back the Obama-era rule that allowed the recreational marijuana industry to flourish. That policy kept feds from cracking down on pot trade in states where it's legal. Cannabis Now's Associate Editor Greg Zeman and The Hill Correspondent Reid Wilson explains how companies in the marijuana market are responding.
"They are concerned about their own future," said Wilson. "It's injected a lot of uncertainty into a market that was poised to double by the end of the decade."
Earlier this week recreational marijuana became legal in the state of California. "The notion that we lost some kind of lynchpin from legalization is somewhat overstated," said Zeman on Sessions memo.
There has been a series of violent attacks in Afghanistan in the past week as U.S. troops withdrawal deadline approaches. The evacuation effort is winding down with 1,200 people evacuated in the last 24 hours, compared to last week's 24-hour span high of 21,000, and it is reported that there are around 250 people still waiting to be airlifted.
Dan Lamothe, national security reporter at The Washington Post, joined Cheddar's Opening Bell to discuss more on what is going to happen when all evacuation and withdrawal missions are completed.
Futures pointed to a slightly higher open on the heels of Fed Chair Jerome Powell saying the central bank is on track to taper its asset purchases later this year. Milton Ezrati, Chief Economist at Vested joined Wake Up with Cheddar to discuss.
