If anybody is surprised by this they shouldn’t be and in Trump speak I’d make the not very bold suggestion that this means cannabis enforcement is around the corner if politically expedient.
I wrote an editorial to this effect on Monday
Why people believed anything he said about cannabis prior to the election is beyond me
The simple fact that “officials” are now making any statements makes it blindingly clear that he’s gone all pontius pilate on the issue
Read the editorial here
https://read.letterhead.email/cannabis-law-report/vuqzouqngw
Marijuana Moment write
The White House says it currently has “no action” planned on marijuana reform proposals that President Donald Trump backed on the campaign trail. But the president did attempt to get cannabis banking legislation included in a government funding bill late last year before he took office, according to a report.
Trump took many by surprise when, weeks ahead of Election Day, he voiced support for marijuana rescheduling, industry banking access and a Florida legalization ballot initiative that ultimately fell short. But he hasn’t publicly spoken about the issue since the inauguration.
A White House official told CNN in a report published on Tuesday that “no action is being considered at this time” as far as cannabis is concerned.
That statement implies that the administration may consider taking action in the future, but for the time being it is not on the list of priorities for the first part of Trump’s second term as he pushes to advance an agenda largely focused on immigration, government spending and various foreign policy issues.
But notably, CNN also reported that three sources familiar with negotiations said Trump and his transition team did seek to sway Congress to include a measure protecting banks that work with state-legal cannabis businesses in a continuing resolution to keep the government funded this past December.
Advocates and stakeholders were left disappointed last session after a standalone banking bill that moved through a Senate committee in 2023 never received a floor vote, despite the reform being repeatedly described as a legislative priority by Democratic leadership that controlled the chamber at the time.
As far as administrative action on cannabis is concerned, Trump could certainly attempt to assert his influence on the GOP majority Congress to advance the Secure and Fair Enforcement (SAFE) Banking Act. But where the executive holds more directly authority is the ongoing rescheduling process, which was initiated by former President Joe Biden but has stalled due to complications with Drug Enforcement Administration (DEA) hearings on the proposed rule.
Read more
