Home Categories Info Network

How The Feds Protect The Cannabis Industry And How Things Could Change

Permalink Report to webmaster

Certain aspects of the U.S. cannabis industry have limited protections from federal interference through annual congressional spending bills. Since the restriction of district-specific earmarks in 2015, lawmakers have used annual appropriations bills (also known as federal spending bills) to extend their policy priorities (or policy prohibitions) by inserting language that prohibits the expenditure of federal funds towards a specific program or activity.

Since 2015, Congress has consistently enacted laws that limit the ability of the Department of Justice (DOJ) from interfering with states that have adopted medical cannabis laws by placing legal restrictions on their spending of federal dollars. Spending bills protecting the medical cannabis industry have to be renewed every year or must be carried forward in the event federal spending bills are not successfully enacted.

Despite this onerous process, this legal baseline has established a consistent policy of respecting states’ rights to set and implement their respective medical cannabis laws by preventing federal agencies, including the DOJ and the Drug Enforcement Agency (DEA), from prosecuting medical cannabis stakeholders operating in compliance with state law. However, this appropriation language doesn’t prevent other federal agencies like the IRS, the Federal Deposit Insurance Corporation (FDIC), or the SEC from taking enforcement actions.

Source: https://420intel.com/articles/2020/01/24/how-feds-protect-cannabis-industry-and-how-things-could-change

Continue reading

Nobody has rated this post!
Vote now!
Cumulative results: 0 points • Rating: 0.000

Send a comment 0 comments

Leave a comment

Your name (required)
Your email (required)
Your website URL (optional):
Save your details in cookies (only on this browser)