Bills take aim at federal marijuana ban-March 14, 2013
Bills take aim at federal marijuana ban
Gannett Washington Bureau4:41p.m. EDT March 14, 2013
Bills on legalizing marijuana introduced but have little chance of passing
Supporters say efforts reflect long-term move toward easing restrictions on pot
Voters in Colorado and Washington voted last fall to legalize recreational use of marijuana
WASHINGTON — A few House members have begun a broad effort to overturn a 43-year-old federal ban on marijuana and say they're prepared to keep up the pressure even if it takes years.
About 10 lawmakers, mostly liberal Democrats, are writing bills that will serve as legislative guideposts for the future if the GOP-controlled House, as expected, ignores their proposals during this Congress.
Rep. Earl Blumenauer, D-Ore., said it's time to end the federal ban because 18 states and the District of Columbia have legalized marijuana and many other states are exploring that option in response to growing public pressure.
"Maybe next year, maybe next Congress, but this is going to change. And the federal government will get out of the way," he said. "I'm very patient. I've been working on this one way or another for 40 years, and I think the likelihood of something happening in the next four or five years is greater than ever."
Great article. I think we all believe that one day Mary J will be across the board legal. Nevertheless, the stock will remain range bound (.20 -.40) until the justice department publicly announces their approach with respects to Colorado and Washington. Once that hits the wire, the Mary J sector should find its trajectory as individuals and MM's will either feel more or less comfortable investing in these positions.