On September 11th, both Congress and the Senate passed a bill appropriately labeled a debt and disaster relief bill that will help the federal government pay its people and provide relief to those in Texas and hopefully Florida which had havoc wreaked upon them following two historic hurricanes. The bill will effectively be in place until December.
Inside the spending bill which was approved by an almost 3-1 amount, is an extension that would serve as a temporary protection for the country’s legal marijuana industry.
This budget note is known as the Rohrabacher-Blumenauer agreement which may seem like a mouthful, but what it does it extremely beneficial to the people. The agreement essentially blocks the U.S. Justice Department from taking action against state law-abiding medical marijuana operations. The bill will be in place until December 8th of 2017.
The protections within this bill are the same ones that were almost lost when the GOP leadership attempted to disband it after a vote towards the end of August. The reason this didn’t get disbanded is due to President Trump’s blocking of House Speaker Paul Ryan to make a separate deal regarding the Democratic leadership spending bill.
This essentially means that Donald Trump unknowingly helped to give the marijuana industry another chance even though it may be just a temporary one.
The GOP hoped to see an 18-month extension on the current spending bill which would help to avoid a government shutdown and give some power back to them throughout Washington.
Trump decided however to accept the Dem’s offer of only a three-month extension which effectively caused the pausing of any change to the marijuana provisions.
With Jeff Session’s trying to shut-down the state’s rights regarding the plant, only time will tell what occurs regarding the medical and recreational marijuana industry.
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com