Michigan, Missouri, and Utah are the most recent states to legalize cannabis.

New York and New Jersey could follow shortly.

As each one of these dominos fall, a singular problem remains: federal prohibition. Even where states have chosen to legalize cannabis through ballot measures and legislation, there has been the threat of federal intervention.

Fortunately, a bipartisan effort to eliminate that threat is underway.

The STATES Act would prevent the federal government from enforcing prohibition in states where cannabis is legal. What’s more is that it would amend the Controlled Substances Act of 1970, a major thorn in the industry’s side.

Sens. Cory Gardner (R-CO) and Elizabeth Warren (D-MA) cosponsor the bill, and the same day it was introduced to the Senate, Reps. Earl Blumenauer (D-OR) and David Joyce (R-OH) introduced a companion bill in the House of Representatives.

We just spoke with Joyce at MJBizCon, the largest cannabis conference in the world, out it – and the cameras were rolling.

Take this exclusive peak at our interview with the congressman, for more insights into the potential this bill and others like it hold for the entire marijuana industry.

Thanks for being an important part of the National Institute for Cannabis Investors,

Greg Miller, National Institute for Cannabis Investors


Comments

3 responses to “As Federal Prohibition Lingers, States’ Rights Champions Take Up Arms”

  1. Everything is coming together,
    Cory Gardner is from my state
    I’m glad to see he is doing the right thing

    Bill Mundt

  2. We love when you talk about the states act, safe banking act, and steps towards legalization. Awesome insight, information, analysis, and hard work in all areas Greg Miller and team! We hope that stocks get a boost when all of the states legalize this year that are applying for it. We are hearing that stocks will get their first big pop even upon earnest congress talks towards any of the ACTS such as banking or states act. March 14-March 22 2019 in Vienna, Austria could also accelerate US safe banking act. International recommendations are expected.

  3. Hey Greg thanks for giving us more of what we need!!! Because at end of the day laws and legislation is going to bring us great compensation!!! Have a great day!!!

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