The state is moving toward legalizing the drug under Democratic Gov. Phil Murphy, who while on the campaign trail promised to authorize recreational cannabis, but the Legislature has not moved on the issue beyond hearings and introducing legislation.
He said the federal government "is closing its eyes and plugging its ears" to spreading legalization, but Washington should not interfere with any state's legal marijuana market.
The legislation would ensure states have the right to determine the best approach to marijuana within their borders.
In response to that decision, Garnder threatened to hold up future nominations for positions in the Department of Justice.
The department has moved to crack down on the laws to decriminalize and legalize marijuana.
"At its heart, this.is a pro-states'-rights bill that remedies a business relationship problem that has vexed community banks across 46 states", said Fine, now president and CEO of Calvert Advisors.
The bill would amend the federal Controlled Substances Act to allow states and tribes to write their own laws regarding the production, distribution, and possession of marijuana.
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Speaking to Colorado Public Radio on Friday, Sessions said so far Trump has not told him to back off of enforcing marijuana laws.
That action led Sen. I support Sen. Gardner. "I've talked to the president about this bill".
A lifting of the federal prohibition would bolster efforts to create uniform testing and regulatory standards for marijuana, and potentially free scientists to pursue research into the medical uses of marijuana. Canadians will be allowed to carry up to 30 grams of dried cannabis for personal use while those who sell or give marijuana to minors or who drive under its influence will face stiff penalties.
"No legitimate business should be blocked from basic banking services - but that's exactly what's happening to law-abiding marijuana businesses", Warren tweeted on Thursday.
In January, Sessions rescinded Obama-era guidance that urged federal prosecutors to refrain from targeting state-legal marijuana operations.
The legislation would also clarify that financial transactions with legal marijuana businesses do not constitute drug trafficking.
The STATES Act requires state marijuana regulations to meet certain stipulations, including rules prohibiting marijuana businesses from hiring employees under the age of 18 and selling marijuana in highway rest areas and truck stops.
Under the legislation, people 21 and over could possess, buy, use or transport an ounce or less of marijuana. The bill also would legalize industrial hemp nationwide. Elizabeth Warren introduced bipartisan legislation to protect state-legalized marijuana.
Mike Ludwig is a Truthout reporter.