Everyone remotely associated with the cannabis industry is aware of the Cole Memo, and Federal Laws, which havene’t changed a bit. Session’s action has been expected from the beginning, so no one can say it’s a surprise or an emergency.
Besides a big jump on the caseload of the federal judiciary, very little will change. Many state legislatures are convening this week, and many have cannabis bills in process. I expect that some votes will change in fear of DOJ action.
Personally, I think the industry was getting a little accustomed to a situation deemed safer than it was, and it was losing part of itself. This move might ignite the people to get back some of the paranoia and suspicion that has served well for decades.