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North American (General) North American (US General American - GenAM)Transcript
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welcome to network news wire. Editorial coverage titled Repeal of Cole Memo Raises Concerns, Opportunities for Cannabis Industry Shortly after cannabis enthusiasts and investors celebrated California's January 1 2018 rollout of legal recreational marijuana sales to adults, the federal government reversed its course on marijuana policy, calling for tighter enforcement of marijuana laws. U S Attorney General Jeff Sessions rescinded the Cold Memorandum, a 2013 policy that offered some protections from federal prosecution for the cultivation, distribution and possession of cannabis in states where the highly regulated plant is legal. Sessions. Decision ushered in a deeper freeze to the banking dilemma facing cannabis retailers who have found themselves relying primarily on cash transactions since cannabis remains illegal under federal law.