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AmeriCann Discusses Recent Department of Justice Guidance
AmeriCann Discusses Recent Department of Justice Guidance.
About this update from Americann Inc.
[{"type":"text","content":"Massachusetts Medical Cannabis Center Plans UnchangedDENVER, CO / ACCESSWIRE / January 5, 2018 / AmeriCann, Inc. (OTCQB: ACAN), an Agricultural-Technology company that is developing the next generation of sustainable, state-of-the-art medical cannabis cultivation properties provides its analysis of Attorney General Jeffrey Sessions’ memo issued today regarding federal marijuana enforcement.The Cole Memo, which had been a DOJ guideline since August of 2013, cleared up some of the uncertainty about how the federal government would respond as states began allowing sales for recreational and medical purposes. It said the Department of Justice would not stand in the way of states that legalize marijuana and outlined the enforcement priorities that were particularly important to the federal government. Earlier today the DOJ rescinded the cannabis guidance outlined in the Cole Memo.\"Cannabis has been regulated successfully at the state level since 1996,\" stated Tim Keogh, President and CEO of AmeriCann. \"We expected the new leadership within the Department of Justice to implement their own policies. However, we don't anticipate that the change in policies at the DOJ will significantly impact patients, consumers or businesses that comply with state regulations.\"The cannabis industry has thrived through multiple administrations and has grown exponentially since it was launched over 20 years.Cowen & Company, the respected Wall Street firm that is a leader in cannabis industry trends and cannabis stocks has released its opinion, \"We are not overly concerned that a change in DOJ policy around cannabis will be meaningfully disruptive to legal adult use cannabis states.\"Public polling shows overwhelming support for the end of cannabis prohibition with 92% of voters favoring legal medical cannabis and 64% in favor of full legality.Support for a change in outdated federal cannabis laws is becoming more popular with members of Congress, including growing support from politicians representing both parties.The states that have adopted legalization have experienced highly successful results with no increase in crime, reduction in teen use and the creation of thousands of new jobs and taxes.Mr. Keogh added, \"Our shareholders have a particular interest in the potential impact that today's actions may have on our operations in Massach...