A bill is already in place to be voted on September 21 that would change how cannabis is viewed by the U.S. Controlled Substances Act. Regardless of THC levels, all cannabis would be legal under this new bill.
Steny Hoyer, the House Majority Leader, and a Maryland Democrat updated people on the house’s September schedule and indicated that there will be a vote. Details are still up in the air for the exact nature of the vote.
Advocates for legalizing cannabis, like the 87 co-sponsors for the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, expect the measure to pass and are looking forward to moving forward with their agenda. Only one of those co-sponsors, Matt Gaetz of Florida, is a republican. The vote will have huge implications for the cannabis industry and law enforcement.
While some are hopeful that they will be able to reach another milestone, experts advise that it is unlikely that there would be any hard action until the November election is settled. They pointed out that the SAFE Banking Act sat in the Senate for nearly a year before making any meaningful progress. That legislation wasn’t cannabis itself, but to allow banks to lend to cannabis-related businesses.
If passed, the MORE act would allow states to choose how they wanted to regulate a commercial cannabis industry. The act would put in place a 5% sales tax on all marijuana products sold. It would also put tax revenues towards helping communities that were hit hardest by the war on drugs.