The Federal Reserve's War on Marijuana
The Marijuana Business is Not Yet Free in Colorado
When Barack Obama was originally campaigning for the presidency in 2008, he indicated that he would take a more hands-off approach in terms of states legalizing marijuana (medical or otherwise).
For a long while, it looked as though the Drug Enforcement Agency hadn’t received the memo from Obama. Like so many other campaign promises, Obama was breaking this one as well, with federal agents continuing to raid marijuana dispensaries, even where it had been legalized by state law.
Since Colorado essentially legalized marijuana in 2012 – which included recreational use – the federal government has surprisingly been less active raiding dispensaries, although they have not completely stopped.
And before giving too much credit to Obama, the somewhat hands-off approach isn’t Obama acknowledging the 10th Amendment and states’ rights. It is more political than that. Obama knows it would not have been...
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