High Government: The U.S. House of Representatives passed a bill to deschedule cannabis and tax marijuana sales. Robert Alexander/Getty Images The U.S. House of Representatives passed the MORE Act, a bill that would end the federal prohibition on cannabis by removing it from the list of banned controlled substances. This is the second time the bill passed the House; however, it will face strong headwinds in the Senate. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act was introduced by House Judiciary Chairman Jerrold Nadler, a Democrat from New York. It passed the House 220 “yea” votes to 204 “nay” votes. Cannabis is legal for adult use in 19 states and for medical use in 36 states. This bill would end the federal ban, but leave legalization up to the states. The legal industry generated $25 billion in sales last year, a 43% increase over 2020, and is expected to hit $65 billion in 2030. During his opening statement, Nadler said that the bill, if made into law, would reverse decades of injustices waged on Americans, and especially those from communities of color. “Whatever one’s views are on the use of marijuana for recreational or medicinal use, the policy of arrest, prosecution a… Click below to read the full story from Forbes
Read More
U.S. House Of Representatives Pass Federal Cannabis Legalization Bill MORE Act
