Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Holloman Energy Corp (HENC) Message Board

420 with CNW — As States Legalize Cannabis, Fede

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 215
(Total Views: 265)
Posted On: 06/24/2021 5:43:36 PM
Avatar
Posted By: NetworkNewsWire
420 with CNW — As States Legalize Cannabis, Federal Trafficking Cases Dwindle

A recent analysis conducted by the U.S. Sentencing Commission (“USSC”) has observed a decline in the number of federal cannabis trafficking cases from last year as more states legalize cannabis. The organization, which is an independent agency of the government’s judicial branch, conducted an analysis of the number of drug trafficking convictions and discovered that last year, there were 1,118 marijuana cases, a 67% decline from the numbers recorded since 2016.

Advocates of legalization maintain that the year-over-year decrease correlates with the increasing number of states that have enacted legalization, in addition to reflecting the deprioritization of the feds in pursuing marijuana cases. The USSC stated that generally, just over 16,500 convictions involved drugs last year. Of this number, cannabis cases made up about 7%. In addition, the USCC noted that 4% of the marijuana trafficking sentences were for over a decade, 16% were for a period between 5 to 10 years, while the majority — a whopping 80% — was five years or less.

This report by the USSC is the latest to provide data demonstrating that the state-level cannabis movement’s success corresponds to a decrease in federal marijuana cases. Advocates state that as more legalization laws are enacted, the market for illegal marijuana, which is usually brought in from Mexico, will dry up. This will in turn lead to fewer trafficking cases to be pursued by federal prosecutors.

A separate report that was released in December 2020 by Supreme Court Chief Justice John Roberts found that while cases which involve cannabis decreased by more than a quarter in 2019, federal prosecutions of crimes associated with drugs increased. Additionally, another study released in 2018 by the Cato Institute reported that state-level cannabis legalization had considerably weakened cannabis smuggling. Furthermore, data released by the Federal Bureau of Investigation late last year demonstrated that for the first time in four years, marijuana arrests had decreased on a national level.

These trends may likely continue this year, as the attorney general is of the opinion that the Department of Justice’s limited resources shouldn’t be used in low-level cannabis enforcement. In addition to this, more states are working on ending cannabis prohibition. Concurrently, congressional legislators are also working on legalizing the plant at the federal level.

Legislation to federally legalize marijuana, which was approved by the House in 2020, has been amended and re-introduced by Jerrold Nadler, chair of the Judiciary Committee. Additionally, Senate Majority Leader Chuck Schumer in April revealed that a bill to federally legalize cannabis would be introduced to the chamber in the near future.

If efforts to reform cannabis policy at the federal level succeed, sector players such as Hero Technologies Inc. (OTC: HENC) will have fewer hurdles to contend with in its day-to-day operations.

NOTE TO INVESTORS: The latest news and updates relating to Hero Technologies Inc. (OTC: HENC) are available in the company’s newsroom at https://cnw.fm/HENC

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer




(0)
(0)




Holloman Energy Corp (HENC) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us