The Washington Post has broken news that could be the most important political change for the cannabis industry to date, suggesting that Senator Cory Gardner (R: CO) has struck a deal with President Trump regarding the rights of states to regulate cannabis. While there is no final deal, the Senator, who has been blocking Department of Justice nominations, suggest that his discussions with other senators will yield a bill that would permanently address the issue of federal enforcement.

President Trump has promised a top Senate Republican that he will support congressional efforts to protect states that have legalized marijuana — defusing a months-long standoff between Sen. Cory Gardner and the administration over Justice Department nominees.

While progress across the country has been substantial for the industry, the uncertainty at the federal level, with Jeff Sessions rescinding the Cole Memo earlier this year, has been a substantial overhang. Cannabis stocks are rallying sharply on this developing story.

Exclusive article by Alan Brochstein, CFA Facebook | LinkedIn | Email Based in Houston, Alan leverages his experience as founder of online communities 420 Investor , the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures , he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha , where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter