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.

Share:
More In Politics
Megyn Kelly's Controversial, Pricey Run at NBC is Ending: Reports
Megyn Kelly is not a morning person ー at least, not anymore. Reports on Thursday morning indicated that the anchor's days as an NBC host are numbered, following her controversial on-air comments earlier this week that defended wearing blackface on Halloween.
New Devices Sent to Biden, De Niro Bring Serial Mail Bombs to Nine
Two more suspicious devices were intercepted on Thursday ー one in Delaware en route to former VP Joe Biden and the other at the restaurant and office of actor Robert De Niro in Lower Manhattan ー the eighth and ninth to be sent to high-profile critics of President Trump in a period of three days.
Overseas Investors Lose Appetite For U.S. Debt.
Investors overseas are losing their appetite for U.S. debt. Foreign buyers now hold 41 percent of outstanding Treasury debt, marking their lowest share in 15 years. If the trend continues, the U.S. dollar may weaken and interest rates might climb. While it may be easy to blame the trade war for the drop, Daniel Kruger, a reporter for The Wall Street Journal, said a stronger dollar is the culprit.
Opening Bell: October 24, 2018
Tesla shares are surging as investors prepare for the company to release quarterly earnings Wednesday after the markets close. President Trump criticized Federal Reserve Chair Jerome Powell (again) in an interview with the Wall Street Journal. And Kerry Bishé and Corey Stoll join Cheddar to talk about their roles on Amazon's new series 'The Romanoffs.'
Tim Cook Blasts Silicon Valley, Calls for Privacy Protections
Apple CEO Tim Cook made his most forceful comments yet on the privacy concerns plaguing the tech industry, telling a conference in Brussels, Belgium that a "data-industrial complex" has led to eroding privacy rights around the world. Cook then called on the U.S. to adopt a landmark federal privacy law like the GDPR that went into effect earlier this year in the EU.
Load More