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Posted On: 01/08/2018 6:19:49 PM
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NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Issues Response following Attorney General’s Decision to Rescind Cole Memo
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning issued a response to Attorney General Jeff Sessions’ decision to rescind the Cole Memo and other internal enforcement guidelines from the Obama Administration that deprioritized enforcement of federal marijuana prohibition against individuals and businesses complying with state laws regarding marijuana. “Our company relied on the Cole Memo and the supplementary Treasury Department guidance in our company’s business strategy,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “We also rely on the protections of the Rohrabacher-Farr Amendment. We believe that while the Cole Memo provided additional guidance in our business practices, our legal protections lie solely in the language of the Amendment and our adherence to the laws in the various states in which we operate.” The Rohrabacher-Farr Amendment, which became law in 2014, prohibits the Justice Department from spending funds to interfere with the implementation of state medical cannabis laws authorizing the use, distribution, possession or cultivation of medical marijuana.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning issued a response to Attorney General Jeff Sessions’ decision to rescind the Cole Memo and other internal enforcement guidelines from the Obama Administration that deprioritized enforcement of federal marijuana prohibition against individuals and businesses complying with state laws regarding marijuana. “Our company relied on the Cole Memo and the supplementary Treasury Department guidance in our company’s business strategy,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “We also rely on the protections of the Rohrabacher-Farr Amendment. We believe that while the Cole Memo provided additional guidance in our business practices, our legal protections lie solely in the language of the Amendment and our adherence to the laws in the various states in which we operate.” The Rohrabacher-Farr Amendment, which became law in 2014, prohibits the Justice Department from spending funds to interfere with the implementation of state medical cannabis laws authorizing the use, distribution, possession or cultivation of medical marijuana.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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