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His comments refer to Attorney General Jeff Sessions who recently rescinded an Obama-era law that allows states to regulate marijuana without federal interference.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.
Oregon became the first state in the U.S. to decriminalize drug possession after a new law, approved by voters in November, went into effect.
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Rep. Patrick McHenry (R-N.C. 10th District), spoke to Cheddar about the Reddit Revolt on GameStop's stock and what role Congress might play going forward.
The Congressional Budget Office expects the U.S. economy will grow at a 4.6% annual rate this year, but with employment not returning to pre-pandemic levels until 2024.
President Joe Biden is warning of a growing “cost of inaction” on his $1.9 trillion COVID relief plan.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Event organizers and other unconventional logistics experts are using their skills to help the nation vaccinate as many people against COVID-19 as possible.
The wave of small investors who have ballooned the price of GameStop stock in an unprecedented short squeeze are calling on each other to hold their positions even as trading platforms freeze additional sales.
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