The United States gets set to vote on a Federal Cannabis bill.
The First Art Newspaper on the Net    Established in 1996 Saturday, July 20, 2024

The United States gets set to vote on a Federal Cannabis bill.

The House of Representatives is getting ready to vote on a landmark bill officially decriminalizing marijuana use at the federal level. Should the bill pass it would make history as the first marijuana policy reform legislation passed by lawmakers.

An email sent out by Majority Whip James Clyburn, stated that Congress is set to vote on the legislation in September. The pending vote was first reported by Politico.

Even if the bill does not pass, it’s a sign that consensus is building among Washington lawmakers to admit that the federal war on drugs has been a complete failure at great cost to Americans.

Moreover, the Democratic nominee for Vice President, Kamala Harris, has stated clearly that should she and Joe Biden be elected in November, the new Democratic administration will decriminalize marijuana in 2021.

It seems to be just a matter of time before the federal government washes its hands of prosecuting Americans for marijuana possession and leaving the matter up to individual states to decide.

It’s important to point out here that a number of states have resisted legalization due to federal prohibition. Moreover, most financial institutions and many investors have been reluctant to serve and invest in the marijuana industry preferring to wait until marijuana is no longer illegal on the federal level. The majority of the United States have adopted some sort of medical marijuana card program, with 11 supporting recreational programs.

Furthermore, federal legalization would eventually result in public cannabis companies in the U.S. being able to list their stocks on the major stock markets such as NASDAQ and NYSE. Currently, because Canada has officially legalized marijuana, Canadian cannabis companies are permitted to list their stocks on the major exchanges.

What’s in the MORE Act?
The MORE Act (“Marijuana Opportunity Reinvestment and Expungement Act of 2019”) would federally decriminalize and officially remove cannabis from the list of controlled substances. This follows on the heels of the Federal Farm Bill, which paved the way for the regulated hemp industry to get underway, as well as defined some of the laws for hemp based CBD products.

According to the bill, federal marijuana arrests and convictions would be overturned. Moreover, resources would be reallocated for communities affected by the war on drugs.

"I'm pleased to bring the MORE Act to the House Floor next month to decriminalize marijuana at the federal level," Hoyer, D-Md., said in a statement to ABC News Monday. "This legislation is an important step to correct the disproportionate impact our criminal justice system has had on communities of color."

House Majority Whip James Clyburn said in an internal memo to Democrats on Friday that the bill “requires federal courts to expunge prior marijuana-related convictions and arrests and authorizes the assessment of a 5% sales tax on marijuana and marijuana products to create an Opportunity Trust Fund."

Clyburn, a Democrat from South Carolina, wrote in the memo obtained by ABC News: "This fund would include grant programs administered by the Department of Justice and the Small Business Administration to support individuals who have been adversely affected by the War on Drugs, provide assistance to socially and economically disadvantaged small business owners, and minimize barriers to marijuana licensing and employment."

The MORE Act would also ensure that Cannabis would be removed as a Schedule I substance, a category that includes illegal substances such as heroin, LSD, ecstasy, and peyote, and allow individual states to regulate it.

"A floor vote on the bill would be the greatest federal cannabis reform accomplishment in over 80 years," the Global Alliance for Cannabis Commerce said in a statement Friday.

The House Judiciary Committee passed the bill, co-sponsored by more than 50 lawmakers, by a vote of 24-10 in November, and was introduced by Democratic Rep. Jerrold Nadler, from New York.

"These steps are long overdue. For far too long, we have treated marijuana as a criminal justice problem instead of a matter of personal choice and public health," Nadler stated at the time. "Whatever one's views on the use of marijuana for recreational or medicinal purposes, arresting, prosecuting, and incarcerating users at the federal level is unwise and unjust."

The bottom line here is that ending federal prohibition would spur further cannabis policy reform by U.S. states and also open the flood gates for investment massive capital to pour into the industry.

The future looks bright for cannabis, America.

Today's News

September 8, 2020

Soulis Auctions announces auction of Jerry and Cathy Mueller Americana collection

Hermann Historica GmbH announces highlights of auction at Castle Greding near Munich

Lehmann Maupin opens an exhibition featuring three video installations by Jennifer Steinkamp

Notre-Dame crypt reopens with exhibition 18 months after blaze

Postgraduate Diploma in Asian Art - SOAS announces next Online Expert Panel Discussion

Speed Art Museum announces departure of Director Stephen Reily

Design Museum's new virtual exhibit emphasizes the need for racial and gender diversity in design

France's pioneering Black opera star Christiane Eda-Pierre dies

Exhibition of new paintings by Joe Fig opens at Cristin Tierney Gallery

The Menil Collection to reopen September 12

Irish & International art worth €1M for auction in Dublin

'Shofuso and Modernism: Mid-Century Collaboration between Japan and Philadelphia' opens to the public

The Contemporary Dayton welcomes new Curator and Director of Programs

Pandemic and protest inspire new mask project at the Tang

Getty announces new Post-Baccalaureate Internships in Art Conservation

For aging Belarus rockers, a late shot at stardom

Dolby Chadwick Gallery opens an exhibition of recent work by Tom Lieber

Marie-Laure Fleisch opens 'Italian Imaginary'

Art Projects International opens an exhibition of works by Mariano Ferrante

Reid Crewe named V.P. of Administration for the Crewe Foundation

One of a Kind Collectibles to offer Washington, JFK, Einstein and Lincoln signatures

Ideals betrayed in Konchalovsky's 'Dear Comrades' at Venice

The Moscow Museum of Modern Art presents the first museum project of Ivan Novikov

Constance Weldon, pioneering virtuoso of the tuba, dies at 88

DAM Gallery opens an exhibition of works by Addie Wagenknecht

Ukrainian Brides: Feminine, Gentle, And Charming Ladies

Art Inspired by Sport

Digital Photo Restoration Tips and Techniques

High-Speed Internet can Improve Productivity in your Organization

Amazing Museums You Can Visit Online

The United States gets set to vote on a Federal Cannabis bill.

Dan Doyle Pleasantville NY Shares The Best Places to Find Photography Art Created By Independent Artists

Banksy artworks of hope

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful