Not so fast, says the Department of Justice, on pot legalization. Just as California is poised to roll out its new marijuana laws, Attorney General Jeff Sessions has thrown a monkey wrench into plans devised by state lawmakers there and elsewhere who see potential tax revenues from making pot legal. In this Instant Insights, we show you the latest on the clash brewing over marijuana legalization and the complications arising.
New York lawmakers who helped craft the state's medical marijuana program, joined by marijuana industry and drug reform advocates, are calling on the U.S. Congress to enact legislation that would protect legal marijuana programs in the states that have them after U.S. Attorney General Jeff Sessions announced plans to rescind Obama-era policy.
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In 2018 California will be the largest state to implement a recreational marijuana scheme, which is bound to cause some regulatory headaches.
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Cole, now a Sidley Austin partner, said he thought his namesake Justice Department memo outlined "a valid policy and was moving things in the right direction."
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"Our first duty as attorneys is to our clients and the ethical rules that apply to us," Khurshid Khoja, founder of Greenbridge Corporate Counsel said. "We are licensed by the state and it's our duty to protect confidentiality and to keep our clients safe." He added: "We can't have banks interfering with that."
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"The IRS claims it is necessary and within its power to make administrative determinations that a person is criminally culpable under federal drug laws. Such a claim of power by the IRS is unprecedented," Green Solution's lawyers wrote in the U.S. Supreme Court petition.
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