Washington, D.C.—As the cannabis landscape evolves, federal legislation plays a crucial role in shaping policies across the United States. Here’s a concise overview of pending bills and reform prospects at the federal level:
The MORE Act
The Marijuana Opportunity Reinvestment and Expungement Act of 2019 (MORE Act) aims to end federal cannabis prohibition. If passed, it would:
- Remove cannabis from the list of federally controlled substances.
- Expunge certain federal convictions related to cannabis.
- Support reinvestment in communities adversely impacted by the decades-long “war on drugs.”
The Cannabis Administration and Opportunity Act
Introduced by Senate Majority Leader Chuck Schumer, Sen. Cory Booker, and Sen. Ron Wyden, this preliminary draft seeks to:
- End federal cannabis prohibition.
- Address social equity, criminal justice reform, and economic opportunities related to cannabis.
The DEA’s Rescheduling Decision
The Drug Enforcement Administration (DEA) is considering rescheduling cannabis. This decision could significantly impact federal cannabis policies.
The SAFER Banking Act
The SAFE Banking Act aims to provide financial services to cannabis-related businesses. Its passage would enhance banking access for the industry.
The Farm Bill Reauthorization
The reauthorization of the Farm Bill could influence hemp and CBD regulations.
Stay informed as these legislative developments unfold!
