1933 Industries Inc C.TGIF

FROM BNN

[jfogarty12]

U.S. Supreme Court Justice Thomas spurs legalization chatter with questions of legality of current American cannabis laws 

U.S. Supreme Court Justice Clarence Thomas made waves throughout the industry earlier this week after stating in a decision not to hear a tax-related appeal by a Colorado medical marijuana dispensary that the country's cannabis laws no longer make sense. "A prohibition on interstate use or cultivation of marijuana may no longer be necessary or proper to support the federal government's piecemeal approach," he wrote in the ruling, according to NBC News. He added that the court’s ruling in 2005 upholding federal laws making cannabis possession illegal may now be out of date. Raymond James Analyst Rahul Sarugaser highlighted the disclosure in a note to clients, particularly emphasizing how Thomas views the current federal laws governing cannabis as “the government [being now] content to allow states to act 'as laboratories.’”