Marijuanas legalized

2022 - 4 - 1

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Image courtesy of "Barron's"

House Passes Bill to Legalize Marijuana. What That Means for ... (Barron's)

The MORE act would decriminalize cannabis products at the federal level. The measure now heads to the Senate for consideration.

The House bill, called the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, would remove marijuana from the list of scheduled substances and establish a process to expunge prior cannabis convictions. The House of Representatives voted to decriminalize marijuana on Friday. Cannabis stocks wavered. This copy is for your personal, non-commercial use only.

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Image courtesy of "CNBC"

House passes landmark marijuana legalization bill (CNBC)

WASHINGTON — The House passed legislation Friday that would legalize marijuana nationwide, eliminating criminal penalties for anyone who manufactures, ...

The tax would begin at 5 percent and eventually increase to 8 percent. Funding raised through the tax would go toward a fund to provide job training, mentoring, substance-use treatment, legal aid, re-entry services and youth recreation programs. It would also provide loans to help small businesses in the cannabis industry that are "owned and controlled by socially and economically disadvantaged individuals," a summary of the bill said.

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Henry Cuellar one of two Dems to vote no on marijuana legalization ... (Texas Tribune)

The bill faces stiff headwinds in the Senate, where it would require 60 votes to pass. A similar measure the House passed in 2020 failed in the upper ...

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House Passes Bill To Legalize Marijuana And Remove Penalties (Forbes)

The MORE ACT said legalizing cannabis is an issue of economic growth, social equity, racial justice, and states' rights. Sponsored by House Judiciary Chairman ...

"Ending the war on drugs also means adopting progressive and noncriminal regulatory strategies rather than relying on law enforcement." The bill sets a new path forward and would begin to correct some of the injustices of the last 50 years." Meanwhile, fewer than one-fifth of cannabis business owners identify as minorities and only 4 percent are black. The costs of enforcing cannabis-prohibition laws costs taxpayers approximately $3.6 billion a year, according to the American Civil Liberties Union (ACLU), and results in more than 600,000 arrests annually. In 2020, legal cannabis sales totaled $20 billion, and are projected to double by 2025. The House passed a similar bill in 2020, but did not garner support in a Republican controlled Senate.

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House Votes to Decriminalize Cannabis (The New York Times)

Democrats, with some Republican support, voted 220-204 to remove marijuana from the federal list of controlled substances, moving to catch up to the states.

It would also make Small Business Administration loans and services available to cannabis businesses while setting standards for them. The Republicans voting for the measure were Representatives Matt Gaetz and Brian Mast of Florida and Tom McClintock of California. But other Republicans have signed on to a similar bill by Representative Nancy Mace, Republican of South Carolina. (Two Democrats, Representatives Henry Cuellar of Texas and Chris Pappas of New Hampshire, voted against the legislation on Friday.) The Marijuana Opportunity Reinvestment and Expungement Act, which passed 220-204, is unlikely to secure 60 votes to pass the Senate, despite the backing of the majority leader, Senator Chuck Schumer of New York. But supporters of marijuana decriminalization — even some Republicans who voted against the Democratic legislation — said on Friday that the vote was a necessary step toward building consensus on something that can become law.

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House approves bill legalizing marijuana (The Hill)

The House passed legislation on Friday to legalize marijuana nationwide and eliminate the longstanding criminal penalties for anyone who distributes or ...

So far, nine Senate Republicans have signed on as co-sponsors to Sen. Jeff Merkley’s (D-Ore.) companion bill in the upper chamber for more narrow marijuana legalization. “To responsibly end prohibition, the federal government must simultaneously issue a regulatory framework that works in conjunction with states’ specifics needs. Democrats further framed the measure as a way to reverse the disproportionate impact of criminalizing marijuana on racial minorities. House Democrats previously passed a bill to legalize marijuana in December 2020. Theirs is eight after three years, and we all know that you’re going to guarantee illicit markets if you make taxes too high.” Rep. Nancy Mace (R-S. C.) called for bringing the legislation on the House floor on Friday closer to her own marijuana legalization bill, which would limit marijuana use to people above the age of 21 and establish a lower sales tax that would not rise for ten years. Rep. Dave Joyce (R-Ohio), a Congressional Cannabis Caucus co-chair, wrote in an op-ed for Marijuana Moment, a publication that focuses on marijuana policy, that he would not support the bill on Friday either. Legalizing drugs. At least 37 states, four territories and the District of Columbia allow the use of marijuana for medical use, according to the National Conference on State Legislatures. About half that number – 18 states, two territories and the nation’s capital – allow it for non-medical use. Schumer may not have enough support within his own Democratic caucus. Proponents argued that it’s past time for the federal government to catch up to the majority of states that have legalized marijuana to at least some extent. But it’s not clear a bill to broadly legalize marijuana could clear the necessary 60 votes to advance in the Senate.

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Image courtesy of "NBC News"

House passes landmark marijuana legalization bill (NBC News)

The House will vote on a bill to legalize marijuana nationwide, eliminating criminal penalties for anyone who manufactures, distributes or possesses the ...

“Following today’s action in the House, it is now time for the U. S. Senate to follow suit and take up the MORE Act.” Meanwhile, Senate Majority Leader Chuck Schumer, D-N. Y., has been working with Sens. Ron Wyden, D-Ore., and Cory Booker, D-N.J., to craft similar legalization legislation in their chamber. Pelosi highlighted the changes made at the state level over the last few decades. The tax would begin at 5 percent and eventually increase to 8 percent. Morgan Fox, the political director of the National Organization for the Reform of Marijuana Laws, said, "The time has come for federal lawmakers to put aside partisan differences and recognize that state-level legalization policies are publicly popular, successful, and are in the best interests of our country." Lawmakers approved the measure 220-204 in a largely party-line vote.

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Image courtesy of "Marijuana Moment"

House Approves Federal Marijuana Legalization Bill For Second ... (Marijuana Moment)

The U.S. House of Representatives on Friday approved a bill to federally legalize marijuana for the second time in history, also adopting a pair of ...

Congress just passed the #MOREAct to decriminalize and automatically clear convictions for cannabis at the federal level. Today, I voted to decriminalize marijuana and invest the resulting tax revenue in disproportionately impacted communities. California decriminalized in marijuana in 2016 to begin repairing the harm of discriminatory drug policy through resentencing & reinvesting in our communities. Today, I voted to decriminalize marijuana at the federal level. It’s time to remove marijuana from the list of federally controlled substances & expunge nonviolent drug offenses. The #MOREAct doesn’t just end the federal criminalization of cannabis – it also invests ~$3 billion over the next decade to provide job training, reentry services, and legal aid to people harmed by failed drug policies. Throwback to my visit to LivWell—the largest marijuana cultivation facility in my district. The MORE Act is a crucial step toward remedying the racist legacy of marijuana criminalization in this country. I joined the House in passing the MORE Act to remove cannabis from the federal list of controlled substances & expunge convictions. We need to repair the harm done to communities of color. This bill reverses decades of failed federal policies based on the criminalization of marijuana by legalizing marijuana, retroactively expunging previous convictions and more. Criminal penalties for marijuana offenses, and the resulting collateral consequences, are unjust and harmful to our society.

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