However, critics of the bill point out the STATES Act's intentional vagueness, which could allow for a number of loopholes that both the federal and state government could exploit. Cory Gardner and Massachusetts Democratic Sen. Medical use of marijuana is legal in all but four states. The bill by Gardner, R-Colo., and Warren, D-Mass., would force Washington to respect state laws on pot, from medical applications to recreational use. But federal law still prohibits it.
Trump's support of the bill was expected since it is seen as the result of an agreement reached by the president and Gardner in April. We're taking action to protect businesses that need access to basic banking services. That forces much of the industry to operate on an all-cash basis, presenting serious concerns over theft and making tax collection hard. "That's bad for business and bad for safety". Legal recreational marijuana has been approved in nine states and Washington, D.C., which continues to ban sales, unlike the state programs. He said there are concerns about the criminal justice part of the bill and cost of legalization, though he did not specify which costs.
But before Trump can sign anything, the bill, of course, must make it through Congress. Senate Majority leader Mitch McConnell has said recently that he opposes federal marijuana legalization. Warren quipped they were "lining them up like Noah's Ark" - one Democrat for each Republican.
Asked if he supported the bill, Trump said: "I really do".
In January, Sessions rescinded Obama-era guidance that urged federal prosecutors to refrain from targeting state-legal marijuana operations. Cory Gardner of Colorado.
The legislation would ensure states have the right to determine the best approach to marijuana within their borders, but some US restrictions would remain, including recreational sales to people under 21.
The legislation - C-45 - has already been passed by the House of Commons, but will go back for one final vote on Senate amendments before being sent to the Governor General for Royal Assent (final approval).
New Hampshire has a commission charged with studying marijuana legalization, regulation, and taxation.
"At its heart, this.is a pro-states'-rights bill that remedies a business relationship problem that has vexed community banks across 46 states", said Fine, now president and CEO of Calvert Advisors.
Warren also stressed the discriminatory enforcement of marijuana laws in communities of color. Under federal law, marijuana is equated with heroin and LSD.
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