Attorney General Sessions Rescinds Cole Memorandum
Key Takeaway
Attorney General Jeff Sessions formally rescinded the Cole Memorandum that had provided enforcement guidance protecting state-legal cannabis operators from federal prosecution since 2013. The move created widespread uncertainty but federal enforcement actions against compliant state operators did not materially increase.
What This Means for Cannabis Businesses
Federal policy changes ripple across the entire cannabis industry. Whether it's rescheduling progress, banking legislation, or court rulings, these developments shape the operating environment for businesses in every legal state. Operators should monitor these developments closely and consult with their legal counsel to understand the implications for their specific markets and operations.
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This analysis is based on reporting by Wikipedia: Cole Memorandum. Read the original article. CannaBizGuide provides original commentary and analysis - this is not legal or tax advice.