Sentences with phrase «u.s. federal marijuana laws»

Aphria stood as one of the few major marijuana growers in Canada that established significant operations in the U.S.. However, the company has taken steps to reduce its U.S. exposure after the Toronto Stock Exchange threatened to delist the stocks of members with ongoing business activities that violate U.S. federal marijuana laws.

Not exact matches

A U.S. Justice Department task force recently said the Cole Memorandum, which restricts federal marijuana law enforcement in states where pot is legal, should be reevaluated to see if it should be changed.

Jim Pishue, president of the Washington Bankers Association, points out that guidelines don't supersede federal law, which categorizes marijuana as a controlled substance that can not be legally sold anywhere in the U.S. And guidance, he noted, can change at any time.

Essentially, the memo makes it clear that while marijuana is illegal at the federal level, the U.S. government will rely on states where cannabis is legal to enact tough laws.

The U.S. Justice Department's decision to turn a blind eye to the enforcement of federal marijuana laws in states that authorize medical or even recreational use of the drug eventually may make it easier to use credit cards for such transactions, but a banking ban on legal pot sellers remains intact for now.

That's when Deputy Attorney General James Cole wrote a memo to all U.S. attorneys with new guidance on enforcing federal marijuana laws.

NEW YORK (CBSNewYork / AP)-- U.S. Sen. Kirsten Gillibrand (D - N.Y.) on Monday told a group of marijuana industry professionals that the federal government should reform laws affecting its medical use, allowing states to set their own policies.

He also pointed to U.S. Attorney General Jeff Sessions» recent announcement that the U.S. Department of Justice would revoke the Cole memo, which previously directed the Justice Department to permit states to execute their own marijuana laws with restricted federal involvement.

Though the federal government has signaled it will not enforce those laws in states that have made marijuana legal, state Sen. Diane Savino said U.S. attorneys would have the law behind them in an enforcement action.

That's because the TSX has said it may delist marijuana stocks which run afoul of U.S. federal law.