You are here
Home 🌿 Marijuana Business News 🌿 DOJ's 'cease fire' on state marijuana laws sparks fresh investment buzz 🌿DOJ's 'cease fire' on state marijuana laws sparks fresh investment buzz
It is still way too early to put any serious money behind the fast-growing marijuana industries, but the potential is certainly there, and worth watching.
“Right now it's a basically a penny-stock industry in its infancy, but it will grow geometrically unless the federal government decides to enforce federal laws,” said Paul Schatz, president of Heritage Capital.
So far, 40 states have legalized the use of medical marijuana in some form, and four states have legalized marijuana for recreational use. But those state laws are still in technical violation of federal laws, which deem most marijuana distribution and use illegal.
Earlier this month, with President Barack Obama's signing of the 2016 omnibus appropriations bill, the federal government extended for a second year the so-called “cease fire” of federal marijuana-law enforcement over state laws.
That is good news for advocates of legalized marijuana, and could also be...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin