Will the GOP Congress Permit Cannabis in DC?
Ryan Allway
December 3rd, 2014
Policy, Top News
Colorado and Washington have been selling adult-use marijuana for some time, thanks to their autonomy and distance from federal regulators. But in Washington D.C., federal lawmakers have the right to quash any laws that they dislike.
These dynamics could set the stage for a significant decision over the coming months. Since Congress will be forced to act on the Washington D.C. law, the industry will be closely watching to see if they use the opportunity to make decisions affecting the future of legal marijuana nationwide.
Congress has historically rarely used its power to veto local Washington D.C. laws, but the legalization of marijuana could be a different story. Since the drug remains a Schedule I Controlled Substance by law, federal lawmakers may be more prone to enforce its own laws in areas where it can do so like Washington D.C.
Some lawmakers, like Rep. Andy Harris of Maryland, tried to block the original decriminalization law and will try to block legalization as well, saying that drug use among teenagers would rise if they failed to stop it.
On the other side of the fence, marijuana advocates point to the huge racial disparities in arrests of marijuana-based offenses in the nation’s capitol. The Republican-led Congress could try to quash the bill by tacking it onto something that the President wouldn’t veto, which could end up causing problems for the President given his strong support from the voters that approved the measure.
In the end, the cannabis industry will be closely watching these developments in the nation’s capitol. Congress’ decision to permit or deny the measure could set the stage for nationwide policy in either direction.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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