SACRAMENTO—State Treasurer John Chiang is seeking guidance from President-elect Donald Trump and California’s congressional delegation about how the state should handle the finances of the nascent multibillion-dollar marijuana industry.

Although 57 percent of Californians voted in November to legalize recreational use, marijuana remains a controlled substance under federal law. The Obama administration backed off enforcing federal anti-marijuana laws in states that regulate marijuana consumption and sales. But Trump’s pick for U.S. attorney general, Republican Sen. Jeff Sessions of Alabama, opposes marijuana legalization.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]