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
Opening Bell: December 5, 2017
The Long and the Short: Top trading tips, powered by TradeStation. On Opening Bell, the latest finance, tech, business, and political news.
A Tale of Three Political Frenemies
Jack Hunter, editor of Rare Politics. and Jarad Geldner, senior adviser for the Democratic Coalition, discuss Washington's busy week. They cover everything from what could be a government shutdown on Friday, to the RNC's endorsement of Roy Moore, to the Senate's recent passing of tax reform.
Opening Bell: December 4, 2017
Opening Bell: In deal that could reshape the healthcare industry, CVS agrees to buy Aetna for $69 billion. Also, Disney re-enters talks to acquire 21st Century Fox, and Bitcoin soars near $12,000. We're joined by The Daily Beast, Instagram for Business, Red Alert Politics, PCWorld, TechnoBuffalo, Nerdist, and more.
Load More