And Now the Real Fortunes Can Be Made!
After having parabolic moves in the last half of December, U.S. Attorney General Jeff Sessions caused the markets to panic last week.
Cannabis stocks crashed across the board – even Canadian ones that only do business in Canada, far away from the authority of the U.S. Federal Government.
Sessions repealed a memo stating that the Justice Department would not interfere with states that had legalized cannabis.
However, Sessions basically left it up to the U.S. prosecutors, most of which have no interest in interfering with states that have legalized it for medical or recreational use.
Here is what the U.S. Attorney’s Office in Colorado released Thursday…
“Today the Attorney General rescinded the Cole Memo on marijuana prosecutions, and directed that federal marijuana prosecution decisions be governed by the same principles that have long governed all of our prosecution decisions. The United States Attorney’s Office in Colorado has already been guided by these principles in marijuana prosecutions — focusing in particular on identifying and prosecuting those who create the greatest safety threats to our communities around the state. We will, consistent with the Attorney General’s latest guidance, continue to take this approach in all of our work with our law enforcement partners throughout Colorado.”
Basically, nothing changed.
In fact, in its last session, Congress voted to extend the Rohrabacher-Blumenauer amendment, which literally blocks the Justice Department from using federal funds to impede the implementation of state medical marijuana laws.
You also have to consider that even in states like Texas, they are seeing their first medical marijuana dispensaries being launched in 2017 and 2018.
Cannabis is the one thing Americans agree on, and when asked repeatedly on the campaign trail, President Trump always firmly said it was a states’ rights issue and that he would not interfere.
To go over the cannabis market in North America, I spoke to the top entrepreneur and CEO I know in the space, Invictus MD’s Dan Kriznic.
He runs one of the most successful cannabis companies in Canada, which even paid out a hefty 17.5% dividend to its shareholders.