Trump Backs State-Level Marijuana Regulation, Lifting Pot Stocks

  • Colorado’s Gardner says he received assurances from president
  • White House spokeswoman says Gardner statement ‘accurate’

Photographer: Trevor Hagan/Bloomberg

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President Donald Trump endorsed letting states decide how to regulate marijuana, in a major boost for the legal pot industry.

Colorado Republican Senator Cory Gardner said that as a result of Trump’s assurances, he’ll end a blockade of Justice Department nominees. Gardner held up the nominees after Attorney General Jeff Sessions rescinded an earlier Justice Department memo that shielded marijuana operations in states like Colorado from enforcement of the federal ban on the drug.