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
Trump Raises Proposed Chinese Tariffs to 25%
The administration confirmed Wednesday that it would raise the proposed tax rate on $200 billion worth of Chinese goods from 10 percent to 25 percent, further escalating trade tensions between the two countries.
Jersey City Prosecutor Aims to End Pot Prosecutions in N.J.
The chief prosecutor of Jersey City, Jake Hudnut, stopped prosecuting pot possession cases and said a proposed bill legalizing recreational marijuana could mean "conceivably there will never be another person prosecuted in New Jersey for simple marijuana possession."
Mark Warner's Uphill Battle Against Big Tech
Senator Mark Warner of Virginia is leading the charge against big tech, but he may not accomplish much unless Democrats make major gains in midterm elections, according to Axios reporter David McCabe.
Rep. French Hill Is Optimistic About Business Climate
The economy grew by 4.1 percent in the second quarter, according to the latest GDP data. Rep. French Hill (R-AR) explains on Cheddar how the growth will shape midterm elections and what he thinks of the current job market.
Load More