{"id":616677,"date":"2018-01-11T19:59:57","date_gmt":"2018-01-11T19:59:57","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=616677"},"modified":"2018-01-11T19:59:57","modified_gmt":"2018-01-11T19:59:57","slug":"cannabis-alert-ray-blanco-sessions-cant-stop-u-s-pot-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=616677","title":{"rendered":"[CANNABIS ALERT]: Ray Blanco: \u201cSessions Can\u2019t Stop U.S. Pot\u201d"},"content":{"rendered":"
\"US<\/a><\/div>\n

By Ray Blanco<\/a><\/span> <\/p>\n

<\/div>\n

This post [CANNABIS ALERT]: Ray Blanco: \u201cSessions Can’t Stop U.S. Pot\u201d appeared first on Daily Reckoning.<\/p>\n

A monumental policy shift announced by the U.S. federal government on pot last Thursday sent the pot markets into a frenzy.<\/p>\n

U.S. Attorney General Jeff Sessions’ announcement that he will roll back the Obama-era \u201cCole memo\u201d marijuana protections triggered a massive sell-off of pot stocks, especially in U.S.-based companies.<\/p>\n

Early morning Friday, it was anyone’s guess how the U.S. pot market might be affected.<\/p>\n

But as I expected, state officials strongly pushed back, and stocks have already recovered their losses.<\/p>\n

U.S. States React<\/p>\n

Politicians from both parties, alongside industry leaders, have already spoken out against the intrusion on states’ rights with Jeff Sessions’ actions.<\/p>\n

In Alaska state officials are moving along with a \u201cbusiness as usual\u201d approach.<\/p>\n

According to a recent Marijuana Business Daily report, Alaskan Gov. Bill Walker sent a letter to Sessions in 2017 requesting to keep the \u201cCole memo\u201d protections in place.<\/p>\n

Alaska has become heavily reliant on the tax revenue boost pot has brought the state.<\/p>\n

California, of course, is not bucking with its marijuana plans either.<\/p>\n

Chief of the California Bureau of Cannabis Control Lori Ajax notes in a statement she \u201cfully expects\u201d the DOJ to \u201crespect the rights of states\u201d when it comes to the overwhelming public support legal marijuana has garnered.<\/p>\n

Vermont barely batted an eye in reaction to Sessions’ new directives.<\/p>\n

Yesterday the state made headlines, becoming the first to pass an actual bill that legalizes recreational marijuana. According to Vermont’s Public Radio, Republican Gov. Phil Scott has stated he plans to sign the bill into law soon.<\/p>\n

Colorado, one of the first states to legalize marijuana, also plans to stay the course. State Attorney General Cynthia Coffman was quoted saying in a recent CNN report that \u201cWe will continue as a state to exert our right as a sovereign state to control what happens in our borders with regard to marijuana regulation and enforcement.\u201d<\/p>\n

Massachusetts Gov. Charlie Baker, another Republican, called Sessions’ rollback of the \u201cCole memo\u201d the \u201cwrong decision.\u201d<\/p>\n

Massachusetts’ Cannabis Control Commission released a statement in response. The group states they \u201cwill continue to move forward with our process to establish and implement sensible regulations for this emerging industry in Massachusetts.\u201d<\/p>\n

These states are not the only ones.<\/p>\n

In fact, every state with legal marijuana legislation on the books has announced that it will NOT bow down to the pressures of federal enforcement.<\/p>\n

But what does this mean for you, the pot investor?<\/p>\n

Marijuana Stocks Roar Back<\/p>\n

Last week we reported that U.S. pot stocks dropped drastically in the wake of Jeff Sessions’ announcement.<\/p>\n

In one day the U.S. Marijuana Index fell from grace, dropping over 20%. But the power of profits and the intrigue of buying on the dip shot the index back to near all-time highs yesterday.<\/p>\n

Check out the five-day chart:<\/p>\n<\/p>\n

The data makes it clear: U.S. pot is moving full steam ahead.<\/p>\n

There may be a few speed bumps along the way.<\/p>\n

Another announcement from the feds, for example, could slow investing again temporarily, but the writing is on the \u2026read more<\/a> <\/p>\n

Source:: Daily Reckoning feed<\/a><\/p>\n

The post [CANNABIS ALERT]: Ray Blanco: \u201cSessions Can’t Stop U.S. Pot\u201d<\/a><\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Ray Blanco This post [CANNABIS ALERT]: Ray Blanco: \u201cSessions Can’t Stop U.S. Pot\u201d appeared first on Daily Reckoning. A monumental policy shift announced by the U.S. federal government on pot last Thursday sent the pot markets into a frenzy. U.S. Attorney General Jeff Sessions’ announcement that he will roll back the Obama-era \u201cCole memo\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/616677"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=616677"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/616677\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=616677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=616677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=616677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}