Founding Partner Marc J. Ross, Esq. Quoted on Impact of Trump AG Pick on Legal Cannabis Industry

Press Release – New York, NY – December 9, 2016 – Sichenzia Ross Ference Kesner LLP founding partner Marc J. Ross, Esq. was recently quoted in a Boston Globe article titled “Trump AG pick could halt legal pot industry,” where he commented on the future of the Marijuana Industry.  The article discusses how Senator Jeff Sessions, Donald Trump’s nominee for attorney general, who many think has a long history of opposition to marijuana, could impact the marijuana industry across the United States.  In particular, Sessions could choose to remove the Cole Memorandum, effectively repealing the protections that exist for marijuana and marijuana-related businesses in the states where marijuana is legal.  

“New York lawyer Marc J. Ross, who teaches about the intersection between state and federal marijuana law, said the federal government currently abstains from enforcement of certain parts of federal law through a memorandum issued by a top Justice Department official in 2013.  That document, known as the Cole Memo, sets enforcement priorities for federal prosecutors, such as preventing revenue from the sale of marijuana from going to cartels, and preventing violence in the drug’s distribution. ‘But if Sessions removes that memorandum, the effective protections that exist for marijuana businesses in legal marijuana states instantly go away,’ Ross said.”

Please read the full article here.

Marc J. Ross, Esq.

Marc J. Ross, Esq.

Marc J. Ross is a founding partner representing clients (public and private companies, brokerage firms, registered representatives, high net-worth individuals, and hedge funds) throughout the United States, North America, Asia, Europe and Israel. Mr. Ross advises clients on securities, corporate, regulatory and litigation/arbitration matters.
Marc J. Ross, Esq.

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