President likely to support ending blanket federal ban on marijuana
WASHINGTON – President Donald Trump said he likely will support a congressional effort to end the federal ban on marijuana, a major step that would reshape the pot industry and end the threat of a Justice Department crackdown.
Trump’s remarks put him sharply at odds with Attorney General Jeff Sessions on the issue. The bill in question, pushed by a bipartisan coalition, would allow states to go forward with legalization unencumbered by threats of federal prosecution. Sessions, by contrast, has ramped up those threats and has also lobbied Congress to reduce current protections for medical marijuana.
Trump made his comments to a gaggle of reporters Friday morning just before he boarded a helicopter on his way to the G-7 summit in Canada. His remarks came the day after the bipartisan group of lawmakers proposed their measure.
One of the lead sponsors is Sen. Cory Gardner, R-colo., who is aligned with Trump on several issues but recently has tangled with the administration over the Justice Department’s threats to restart prosecutions in states that have legalized marijuana.
“I support Senator Gardner,” Trump said when asked about the bill. “I know exactly what he’s doing. We’re looking at it. But I probably will end up supporting that, yes.”
The legislative proposal, which is also championed by Sen. Elizabeth Warren, D-mass., would reshape the legal landscape for marijuana if it becomes law.
Nine states, as well as Washington, D.C., have legalized all adult Cannabis in the vegetation room under green grow lights at Compassionate Cultivation in Manchaca, Texas.
use of marijuana. An additional 20 states permit marijuana for medical use.
But even as states legalize, marijuana has remained a risky and unstable business because of federal law making it illegal. Concerns about federal law enforcement seizures have inhibited most lenders from working with marijuana businesses. And investors have also proceeded cautiously.
“If you are in the marijuana business … you can’t get a bank loan or set up a bank account because of concern over the conflict between state and federal law,” Gardner said at a news conference Thursday to unveil the new bill. “We need to fix this. It is time we take this industry out of the shadows, bring these dollars out of the shadows.”
He called it a “public hypocrisy” that the businesses are expected to
pay taxes yet are barred from participation in the financial system.
A lifting of the federal prohibition also would bolster efforts to create uniform testing and regulatory standards for marijuana, and potentially free scientists to pursue research into the medical uses of marijuana.
Trump’s support could potentially have a major impact, providing political cover for Republicans who worry about being tagged as soft on drugs. Still, the proposal faces a tough road in Congress.
Even though most lawmakers now represent areas where pot is legal for at least medical use – and public opinion polls show majorities of Democratic and Republican voters nationwide favor legalization – congressional leaders have shown little appetite for loosening restrictions.