WASHINGTON, Aug. 29, 2013 (GLOBE NEWSWIRE) -- In a memo issued to U.S. Attorneys today, Deputy Attorney General James Cole reinforced guidance indicating that the Department of Justice will not interfere with implementation of adult-use marijuana laws in Colorado and Washington.
Statement from Aaron Smith, Executive Director of the National Cannabis Industry Association:
"We are encouraged by today's response from the Obama administration. At the heart of the guidance is a willingness to respect the voters who have decided a regulated marijuana market is preferable to a criminal market in their states. Cannabis-related businesses in these states are creating thousands of jobs and generating tens of millions of dollars in tax revenue. These are clear public benefits.
Now is not the time to push marijuana sales back under ground. The new voter-approved, regulated systems in Colorado and Washington should be allowed to proceed. We have full confidence the businesses in these states will comply with any requirements put forth by the Department of Justice. That is what they do. They comply with rules and provide a service to their customers and their communities. We are pleased to see the Obama administration will not cause harm to citizens and states by shutting these businesses down, and hope this will lead to an expansion of sensible policies related to marijuana such as allowing these businesses access to banking and taxing them at a fair rate."
The National Cannabis Industry Association (NCIA) is the only national trade association working to advance the interests of cannabis-related businesses in the US. NCIA promotes the growth of a responsible and legitimate cannabis industry and works for a favorable social, economic and legal environment for that industry in the United States.
