It’s no secret that Congressman Earl Blumenauer has been a big advocate of cannabis reform, and his latest bill, titled the “Regulate Marijuana Like Alcohol Act,” is no exception. This bill would remove marijuana from the federal Controlled Substances our site Act, allowing for a legally regulated cannabis industry that would be regulated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives. It has a long way to go, but Blumenauer’s efforts to reform federal cannabis laws are well worth the wait.
Despite the many flaws of the bill, it’s a significant step forward for the marijuana industry. It will signal the de-stigmatization of cannabis on a federal level, promote public safety, discourage illicit participation in the illicit cannabis market, and help the industry comply with tax laws. The bill will also help businesses in the cannabis industry.
Blumenauer, who founded the Congressional Cannabis Caucus, will serve as co-chair of the Congressional Cannabis Caucus. Reps. Don Young and Barbara Lee will join Blumenauer in co-chairing the group. The bill is expected to receive a committee vote and will move on to the Senate floor. The NCIA will be closely monitoring the legislation and promoting reforms in Congress.
Among other benefits of the MORE Act, the law eliminates criminal penalties for cannabis-related activity. The MORE Act also eliminates the prohibition of cannabis-related criminal offenses and provides economic justice for victims of the War on Drugs. It would also increase the tax on cannabis-based products from 5% to 8% and how to get marijuana seeds increase it by 1% each year for five years. In addition to this, the MORE Act would make it possible for small businesses to obtain loans through the Small Business Administration. It would also ensure that immigrants and refugees seeking legal status are not denied the protections of immigration laws or federal programs.
Although the New Congressional Marijuana Bill I’m About to Introduce Has a Long Name, It’s Still Numbered H.R. 420. The new legislation follows the trend of states legalizing marijuana in their own jurisdictions. States have passed laws allowing for recreational and medical use. The most recent example of this is New Hampshire. The bill enacted by the legislature in March 2021.
Unlike many states, the New Congressional Marijuana Bill I’m Actually Numbered H.R. 420 could provide legal cannabis for Americans in 2022. Its supporters would most likely continue to debating the legislation and revising it over the coming months. Although legalization in some states hasn’t reached the mainstream yet, the pressure will increase on legislators to end federal prohibition.
While we all support the legalization of marijuana, the pending legislation is far from ideal. There are numerous risks associated with cannabis use. As marijuana’s THC content continues to rise, it is known to lead to paranoid thinking, psychosis, and aggressive behaviors. Marijuana use is linked to increased aggression, paranoia, and personality changes, and should not be abused by anyone.
The pending legislation would change the laws regarding federal regulation of marijuana businesses. The legislation would prevent federal regulators from penalizing banks for serving cannabis businesses. With the Safe and Fair Enforcement Banking Act, cannabis-related businesses could access financial services like checking accounts and accept credit cards. The New Congressional Marijuana Bill Is Actually Numbered H.R. 420
While the Senate’s legislation did not enact legalization of cannabis, it was largely successful in enacting laws that change the way cannabis is regulated. In fact, in Utah, lawmakers passed comprehensive cannabis reform legislation in November 2021. Among its provisions, the states Reform Act provides retroactive expungement for certain drug crimes, decriminalizes cannabis, and limits federal social equity reform programs. Furthermore, the bill also vests authority for the states to regulate cannabis use, distribution, and sale.