marijuana colorado legalize

But it’s still illegal, according to the feds. NEW YORK (CNNMoney) Voters in Washington and Colorado passed ballot initiatives Tuesday to legalize marijuana for recreational use, the biggest victory ever for the legalization movement . “The significance of these events cannot be overstated,” said NORML, a pro-legalization organization, in a news release. “Tonight, for the first time in history, two states have legalized and regulated the adult use and sale of cannabis.” But in many ways, it’s just the beginning of the battle. Marijuana is still illegal in the eyes of the federal government, which overrules states’ rights. “The voters have spoken and we have to respect their will,” said Colorado Gov. John Hickenlooper, in a statement. “This is a complicated process, but we intend to follow through. That said, federal law still says marijuana is an illegal drug, so don’t break out the Cheetos or goldfish too quickly.” The Drug Enforcement Administration reiterated its stance that marijuana is an illegal drug and that possessing, using or selling it is a crime. “The Drug Enforcement Administration’s enforcement of the Controlled Substances Act remains unchanged,” said the DEA in a press statement. “In enacting the Controlled Substances Act, Congress determined that marijuana is a Schedule I control[ed] substance. The Department of Justice is reviewing the ballot initiatives and we have no additional comment at this time.” The Colorado U.S. Attorney’s Office released an identical statement, saying that its position on marijuana as an illegal drug is “unchanged.” A Marijuana mecca The voter approval of legal weed in Colorado and Washington could lead to a Supreme Court battle with the federal government, according to Jeffrey Miron, senior lecturer of economics at Harvard University and a senior fellow at the Cato Institute, where he has conducted economic studies on nationwide drug legalization. “[The feds] will do whatever they can to interfere with marijuana legalization in any state,” Miron said on Tuesday, before the initiatives passed. Google+ Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer . Morningstar: 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS. 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy . Ad choices .

About the Author: Matt Brooks

Matt is a journalist from San Francisco who has specialized in marijuana policy for more than six years.

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