The decision came after one year of deliberation when the policy was resoundingly voter-approved at the ballot. The initiative was then ruled invalid by the Supreme Court for procedural reasons. This move was countered by lawmakers who subsequently placed it in the hands of the legislation.
The governor was vocal in his support of medical marijuana when he stated that “no doubt that there are individuals in our state who could do significantly better if they had access to medically prescribed doses of cannabis.”
However, Gov. Reeves seems to draw the line when considering a recreational cannabis program and shared his concerns when he claimed that a recreational marijuana program “could lead to more people smoking and fewer people working, with all of the societal and family ills that that brings.”
As we explained earlier in the year, Reeves balked at the projected purchase limits included in earlier iterations and even threatened to veto the measure. The bill was amended and cleared by both chambers and was ultimately signed by the….
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The U.S. House of Representatives has passed a major cannabis policy reform legislation package called the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act.
Here’s a quick rundown of some of the main features of the legislation:
- The MORE Act would remove cannabis from the list of federally controlled substances.
- All references to “marijuana” or “marihuana” in federal laws will be changed to “cannabis.”
- States would be able to determine their own cannabis regulations.
- Cannabis producers and importers will be required to obtain a federal permit and pay $1,000 per year for each facility they operate.
- A federal excise tax would be applied to all cannabis production. The tax rate would start at five percent for two years and then rise to eight percent by the fifth year.
- Tax revenue from cannabis sales would be placed in a new “Opportunity Trust Fund.”
- Also, a Cannabis Restorative Opportunity Program will be implemented.
- Federal agencies won’t be able to use “past or present cannabis or marijuana use as criteria for granting, denying, or rescinding a security clearance.”
- Non-violent federal marijuana convictions will be expunged.
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