Investorideas.com

Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS




Share on StockTwits

HISTORIC: Bill To End Marijuana Prohibition Clears Final Committee Ahead Of Floor Consideration

 

Washington, DC - December 2, 2020 (Investorideas.com Newswire) Members of the House Rules Committee have advanced the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, HR 3884, which removes marijuana from the federal Controlled Substances Act -- thereby eliminating the existing conflict between state and federal marijuana laws. The legislation is expected to be considered on the floor of the House of Representatives later this week.

“The historic nature of today's progress cannot be overstated,” said NORML Political Director Justin Strekal. “For the first time in American history, the public will see the ‘People's House’ vote to end the senseless, cruel, and racist policy of marijuana criminalization and prohibition.”

“We give our thanks to the leadership of Rules Committee Chairman Jim McGovern and to the hundreds of other members of Congress, their staffs, and other advocates and allies who worked diligently to ensure that we made it to this moment,” Strekal concluded.

To interview a member of NORML’s leadership about the bill, please email media@norml.org.

More information about MORE, marijuana policy broadly, and public polling

The MORE Act would end the federal prohibition and criminalization of marijuana, thus providing individual states with the authority to be the primary arbiters of cannabis policy.

FURTHER: The MORE Act would also make several other important changes to federal marijuana policy, including:

  • Facilitating the expungement of low-level, federal marijuana convictions, and incentivizing state and local governments to take similar actions;
  • Creating pathways for ownership opportunities in the emerging regulated industry for local and diversely-reflective entrepreneurs through the Small Business Administration grant eligibility;
  • Allowing veterans, for the first time, to obtain medical cannabis recommendations from their VA doctors;
  • Removing the threat of deportation for immigrants accused of minor marijuana infractions or who are gainfully employed in the state-legal cannabis industry;
  • Providing critical reinvestment grant opportunities for communities that have suffered disproportionate rates of marijuana-related enforcement actions.

Key Facts:

  • According to a recent report by the ACLU, Black Americans are 3.6 times more likely to be arrested for cannabis-related crimes than white Americans.
  • According to the FBI UCR, over 545,000 Americans were arrested for marijuana-related crimes in 2019 alone, over 90% of those arrested were charged with mere possession.
  • The state-legal cannabis industry employs over 243,000 full-time workers; that is over four times the number of jobs specific to the coal industry.
  • While the substance is not without harm, cannabis is objectively less harmful than legal and regulated alcohol and tobacco.

Polling:

Pew Research Center, Nov. 2019

Question: The use of marijuana should be made legal?

  • Overall: 67% Yes – 32% No
  • Democrats / Lean Democrats: 78% Yes – 20% No
  • Republicans / Lean Republicans: 55% Yes – 44% No

Gallup Polling, Oct. 2020

Question: Do you think the use of marijuana should be made legal, or not?

  • Overall: 68% Yes – 32% No
  • Democrat: 83% Yes – 16% No
  • Republicans: 48% Yes – 52% No
  • Independents: 72% Yes – 27% No

Data for Progress, March 2020

Would you [support or oppose] fully legalizing marijuana at the national level? (Democrats only)

  • 80% Support (60% strongly, 20% somewhat)
    • Moderates: 69% support
    • Liberal/Very Liberal: 87% support
  • 14% Oppose (8% strongly, 6% oppose)
    • Moderates: 19% oppose
    • Liberal/Very Liberal: 9% oppose

As of right now, as far as House Leadership support, cosponsors include:

Assistant Speaker Ben Ray Lujan; Democratic Caucus Chairman Hakeem Jeffries; Caucus-Vice Chair Katherine Clark; Chairman Elliot Engel (Foreign Affairs); Chairman Peter DeFazio (Transportation and Infrastructure);Chairman Ted Deutch (Ethics); Chairman Raul Grijalva (Natural Resources); Chairwoman Zoe Lofgren (House Administration); Chairwoman Carolyn Maloney (Oversight and Reform); Chairman Jim McGovern (Rules); Chairman Jerry Nadler (Judiciary); Chairman Bobby Scott (Education and Labor); Chairman Mark Takano (Veterans Affairs); Chairman Bennie Thompson (Homeland Security); Chairwoman Nydia Velazquez (Small Business); Chairwoman Maxine Waters (Finance); Chairman John Yarmuth (Budget); and Cannabis Caucus co-Chairs Earl Blumenauer and Barbara Lee.

NORML advocates for changes in public policy so that the responsible possession and use of marijuana by adults is no longer subject to criminal penalties. NORML further advocates for a regulated commercial cannabis market so that activities involving the for-profit production and retail sale of cannabis and cannabis products are safe, transparent, consumer-friendly, and are subject to state and/or local licensure. Finally, NORML advocates for additional changes in legal and regulatory policies so that those who use marijuana responsibly are no longer face either social stigma or workplace discrimination, and so that those with past criminal records for marijuana-related violations have the opportunity to have their records automatically expunged.

Find out more at norml.org and read our Fact Sheets on the most common misconceptions and myths regarding reform efforts around the country


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow Us on StockTwits


Get more Cannabis Stock Investor Ideas - news, articles, podcasts and stock directories for Cannabis stocks and Psychedelic Stocks

Buy a cannabis guest post on Investorideas.com










About Investorideas.com

https://www.investorideas.com/About/

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp