By MjInvest Editor in Chief on Monday, 28 March 2022
Category: Cannabis Business Executive

House poised to pass bill legalizing marijuana

The House is poised to pass legislation this week that would legalize marijuana, just the latest example of the swiftly changing attitudes on drug laws that marks a near reversal from the Reagan-era “war on drugs” that also reverberated through the 1990s.

The bill legalizing marijuana has near-uniform support among Democrats and a top ally in Senate Majority Leader Charles Schumer (N.Y.), who has been aiming to introduce a similar measure this spring.

And it’s just one of several pieces of legislation that underlines the shift in Congress’s attitude — a change that has come about in part because of the way past drug laws have disproportionately hit minority communities.

“This Congress represents a sea change,” said Rep. Earl Blumenauer (D-Ore.), a co-chair of the Congressional Cannabis Caucus.

The House has voted twice in the past year, most recently as part of legislation to bolster U.S. competitiveness, to enable legally operating cannabis businesses to use banking services and credit cards instead of having to function as cash-only.

On Thursday, the Senate unanimously passed a bill to expand scientific and medical research on marijuana and its compounds, including cannabidiol.

The flurry of action in Congress isn’t limited to marijuana legalization. [Read more at The Hill]

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(Originally posted by AggregatedNews)

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