Blog

Jan 24, 2020

House Judiciary Committee Approves Bill To End Federal Marijuana Prohibition

Posted by in categories: biotech/medical, business, law

In a 24–10 vote, the House Judiciary Committee approved a bill that would effectively end marijuana prohibition on Wednesday. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019, or H.R. 3884, was introduced by House Judiciary Committee Chairman Jerrold Nadler (D-NY) and currently has 55 co-sponsors. This is the first time that a congressional committee has approved a bill to make cannabis legal. The MORE Act would federally decriminalize cannabis by removing it from the Controlled Substances Act, and would require the expungement of past federal cannabis convictions.

The bill would also establish a Cannabis Justice Office to administer a program to reinvest resources in the communities that have been most detrimentally impacted by prohibition, funded by a 5% tax on state-legal cannabis commerce.

Moreover, it will allow the Small Business Administration to provide loans and grants to cannabis-related businesses and support state and local equity licensing programs, and would permit doctors within the Veterans Affairs system to recommend medical cannabis to patients in accordance with applicable state laws.

Leave a reply