The Green Mountain State is making history, becoming the first state to legalize marijuana, not through a popular vote, but by legislation.
But the mayor of the Vermont’s capital city Montpelier told Cheddar that things need to change on the federal level.
“I think it’s just appalling, the use of federal crime resources to be chasing marijuana use,” John Hollar said. “I think it’s really ironic that this is coming from a Republican administration that purports to support states’ rights. But when it comes to marijuana, it decides that this is something it’s going to deal with at a federal level...I hope it gets overturned by Congress or reconsidered by the Attorney General.”
His comments refer to Attorney General Jeff Sessions who recently rescinded an Obama-era law that allows states to regulate marijuana without federal interference.
Under its new law, Vermont residents can carry up to an ounce of marijuana for personal, recreational use and grow, though commercial sales are still prohibited.
Some members of Congress are fighting Sessions’ efforts with the REFER Act. The proposed bill, introduced by Rep. Barbara Lee (D-CA), aims to protect states, and people in those states, that allow the use of cannabis.
Former Minneapolis police Officer Derek Chauvin has pleaded guilty to a federal charge of violating George Floyd’s civil rights.
Congress has approved a $2.5 trillion debt limit hike, sending legislation to avert a catastrophic default to President Joe Biden for his signature.
Despite the hype and headlines earlier this year around meme stocks and Robinhood, the SEC and FINRA have made few concrete changes around retail investing.
The Senate Committee on Banking, Housing and Urban Affairs held a hotly debated hearing regarding fiat-backed stablecoins on Tuesday that still led to a conclusion the space needed some form of regulation.
Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz. In case you missed it, we've pulled together some of the highlights that will keep you informed as we get ready for the week ahead.
Prices were up 6.8 percent year-over-year In November, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.
A British appellate court opened the door Friday for Julian Assange to be extradited to the United States by overturning a lower court's decision that the WikiLeaks founder's mental health was too fragile to withstand the American criminal justice system.
New Zealand’s government believes it has come up with a unique plan to end tobacco smoking — a lifetime ban for those aged 14 or younger.
The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s coronavirus recession.
