The House and Senate have both passed proposals to expand cannabis research – with key differences – just as they did in late 2020. Will one land on President Joe Biden's desk?
The MORE Act, which would remove cannabis from the list of controlled substances, passed out of the House in 2020, and is expected to again stall in the Senate.
A roundtable that included the state treasurer and lawmakers highlighted the urgent need for solutions, from the SAFE Banking Act to workplace training and increased security.
In D.C. on Friday, the House passed cannabis banking legislation for the sixth time. Meanwhile, Sen. Maj. Leader Chuck Schumer held a press conference in New York City to tout more comprehensive federal reform.
Perlmutter’s latest push on cannabis banking comes after SAFE Banking language was scrapped from the National Defense Authorization Act in December.
Nothing made it even close to the president’s desk, but the conversation changed, and forces are gathering for a complex debate about legalization’s priorities.
Banking groups and lawmakers rallied behind legislation to allow banks to more freely work with cannabis businesses. Ultimately, it was stripped.
Rep. Nancy Mace has released the most comprehensive cannabis legalization plan to emerge from the Republican party, a counter to the Schumer, Booker, Wyden vision.
The infrastructure bill on Biden’s desk contains language to require lawmakers to prepare a report on cannabis-impaired driving. Though, Congress has been called upon to act before.
During Wednesday’s hearing, a Veterans Affairs official described the VA Medicinal Cannabis Research Act as “too prescriptive.”
The MORE Act has already passed out of the full House once, but the Senate remains a hurdle.
From the need to respect existing state programs to a call for less “onerous” taxes and regulations, here’s what people had to say about the CAO Act from Senators Schumer, Booker, and Wyden.
Sen. Schumer on Legal Cannabis Plan: “I Will Use My Clout as Majority Leader To Make This a Priority in the Senate”
Schumer said the votes aren’t yet there for the Cannabis Administration and Opportunity Act, which he and Sens. Cory Booker and Ron Wyden formally announced on Wednesday.
Sens. Schumer, Wyden, and Booker Release Most Comprehensive Cannabis Reform Proposal Yet. Here Are the Details.
The Senators are starting with a “discussion draft” ahead of a bill, which is an unprecedented approach for federal cannabis law reform. Public comment will be open until September.
The Cannabis Administration and Opportunity Act is expected to be the most comprehensive reform proposal ever introduced.
The bill’s drafters are seeking to shift from a punitive approach to a public health-focused one, a move supported by a majority of Americans.