This week, the U.S. House of Representatives will vote on a historic bill that would federally de-schedule cannabis. Sponsored by Judiciary Committee Chairman Jerrold Nadler, the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act would remove cannabis from Schedule I of the Controlled Substances Act, expunge the criminal records of people with prior marijuana convictions and impose a 5% sales tax on the substance; that tax revenue will be reinvested into the communities most significantly impacted by the “war on drugs.”
Not only will the bill decriminalize cannabis, but it could very well reverse the policy gap that…
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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