House votes to decriminalize cannabis

Source: New York Times

Apr 14, 2022 | Policy and Regulation

The House passed legislation on Friday to decriminalize marijuana at the federal level. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act would remove marijuana from the federal government’s list of controlled substances, impose an 8 percent tax on cannabis products, allow some convictions on cannabis charges to be expunged and press for sentencing reviews at the federal and state levels. It would also make Small Business Administration loans and services available to cannabis businesses while setting standards for them. The Act passed 220-204 in the House, but is unlikely to secure 60 votes to pass the Senate.  Read the article here.


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