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).
Cheddar News checks in to see what to look out for Next Week on the Street as former president Donald Trump makes an appearance in federal court after being indicted. Investors will also keep an eye on the Federal Reserve meeting to see what comes out of that while earnings continue to pour in.
U.S. Vice President Kamala Harris announced Thursday that the U.S. is investing more than $100 million in the Caribbean region to crack down on weapons trafficking, help alleviate Haiti’s humanitarian crisis and support climate change initiatives.
It is arguably the most perilous of multiple legal threats against the former president as he seeks to reclaim the White House.
U.S. Vice President Kamala Harris announced Thursday that the U.S. is investing more than $100 million in the Caribbean region to crack down on weapons trafficking, help alleviate Haiti’s humanitarian crisis and support climate change initiatives.
At Cleveland's Urban Kutz Barbershop, customers can flip through magazines as they wait, or help themselves to drug screening tests left out in a box on a table with a somber message: “Your drugs could contain fentanyl. Please take free test strips.”
President Joe Biden on Thursday condemned a wave of “cruel” and “callous” state legislation curbing the rights, visibility and health care access of LGBTQ+ people, while causing the community to feel under attack for being who they are.
Pat Robertson, a religious broadcaster who turned a tiny Virginia station into the global Christian Broadcasting Network, tried a run for president and helped make religion central to Republican Party politics in America through his Christian Coalition, has died. He was 93.
The Supreme Court on Thursday issued a surprising 5-4 ruling in favor of Black voters in a congressional redistricting case, ordering the creation of a second district with a large Black population.
Mike Pence opened his presidential bid with an unusually forceful critique of former President Donald Trump over Jan. 6, his temperament and abortion on Wednesday as he became the first vice president in modern history to challenge his former running mate.
Former New Jersey Gov. Chris Christie wasted no time going after Donald Trump while launching his presidential campaign on Tuesday, calling the former president and current Republican primary front-runner a “lonely, self-consumed, self-serving mirror hog" and arguing that he's the only one who can stop him.
