The House of Representatives voted to legalize marijuana
US House of Representatives on Friday passed a bill that would legalize marijuana at the federal level — the first time either body of Congress has backed marijuana legalization.
The bill would remove marijuana from the federal drug scheduling system, the basis for much of federal drug policy, and eliminates criminal penalties for anyone who possesses, distributes, or produces marijuana.
The Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act would expunge records for people with prior federal marijuana convictions. It would also impose a tax on marijuana products, which would fund new programs intended to support “individuals and businesses in communities impacted by the war on drugs.”
The bill would also take numerous steps to reverse the collateral damage of cannabis prohibition: It would open up federal loans to marijuana businesses, ban federal officials from denying public benefits to people with previous marijuana convictions, and prohibit the denial of US citizenship based on marijuana-related events, among other changes.
The UN has re-classified cannabis and the US has folowed only a few days later, great for CAN and the industry as a whole!!!
GLTAH DYOR
CAN Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
