On Tuesday, Schatz sent a tweet to Americans anxious about Sessions' newest policy, and noted that all Republicans in Senate voted for his confirmation.
Attorney General Xavier Becerra joined a bipartisan group of 18 state attorneys general in urging Congress to advance legislation that will enable the cannabis industry to participate in the banking system in states that have legalized medicinal or adult use of cannabis. "Studies show that when patients are able to pay in plastic and other means besides just cash your buyers will spend more at your business and it will be more fruitful".
Attorney General Elizabeth Barrett-Anderson said, "I believe the banking industry is supportive". Additionally, law enforcement is less able to track potential financial crimes, and it is more hard for businesses to pay-and for the state to collect-tax deposits.
- The federal government says grass and guns don't mix, and that is putting gun owners who use marijuana - and the strongly pro-gun-rights administration of President Donald Trump - in a potentially uncomfortable position. "However, because federal government classifies marijuana as an illegal substance, banks providing services to state-licensed cannabis businesses could find themselves subject to criminal and civil liability under the Controlled Substances Act and certain federal banking statutes", the letter states.
"Banks and other depository institutions are now hindered by federal law from providing financial services to cannabis businesses".
New Data Says 2017 Among Warmest Years on Record
Last year's temperatures were beaten only by the record heat of 2016, and in some of the analyses by 2015. The trend is seen most dramatically in the Arctic, NASA said, as sea ice continues to melt.
Weed was a $7.9 billion business in 2017, before California began legal recreational sales, and if legalized throughout the USA, sales are projected to produce over $130 billion in tax revenue and create over 1 million jobs by 2025.
Back in late 2015, we reported around 60% of U.S cannabis companies didn't have bank accounts for their businesses as a result of the situation.
Eight states, including California, have legalized recreational cannabis.
Institutions under the University of California system, California State University system, as well as community and private colleges do not allow marijuana on university grounds, according to The Sacramento Bee.
Under its new law, Vermont residents can carry up to an ounce of marijuana for personal, recreational use and grow, though commercial sales are still prohibited.
US Feb shale output expected to rise to 6.55 mln bpd
Brent for March settlement slipped 7 cents to end the session at $69.31 a barrel on the London-based ICE Futures Europe exchange. The record-high November oil shipments to China were stockpiled, and used by refiners during the last month of the year.
She remained largely silent on the philosophical issue of legalizing marijuana during the 2016 campaign, but warned voters about flaws in the citizens' initiative, such as one that removed juvenile marijuana possession penalties from state law, and its failure to address issues such as drugged driving, taxation or testing.
Despite the widespread use of marijuana, US law enforcement continues to pour resources into fighting weed consumption.
Where we differ is that we believe Oregon's legalized cannabis program is a success, even when it is not ideal.
A spokeswoman for Dave Freed, the new US attorney in Harrisburg, said only that criminal investigations and prosecutions "will be based on a fair and transparent fact-intensive inquiry of individual cases".
See the First Pics of Enrique Iglesias and Anna Kournikova's Baby Twins
The couple of 16 years managed to keep the pregnancy a secret and out of the public eye until a few weeks before the birth. The man took to Instagram to post a pic of one of his newborn twins, calling the adorable infant his 'sunshine'.