Watch Live: Key House Committee Prepares Marijuana Legalization Bill For Floor Vote

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A key House committee is taking up a bill to federally legalize marijuana on Wednesday, likely clearing its path to a floor vote that leadership said will come on Friday. The House Rules Committee will determine which filed amendments to the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act can be made in order for floor consideration. It’s the last step before the bill is taken up by the full chamber, and Majority Leader Steny Hoyer (D-MD) said in a briefing with reporters that it will start with debate on Thursday, a day ahead of the final vote. The bill’s consideration is a historic development for cannabis reform advocates. If the Democratic-controlled House ultimately approves the legislation, it would mark the first time that a chamber of Congress voted not just to protect state marijuana programs from federal interference but to formally deschedule the plant. Watch the Rules Committee hearing on the MORE Act below: After Hoyer announced that the body would take up the MORE Act this week, the Rules Committee placed a revised version of the legislation, transmitted by its sponsor, Judiciary Chairman Jerrold Nadler (D-NY), on its schedule. While most the changes included in the Rules Committee Print are technical in nature, one significant revision concerns the proposed tax structure for cannabis sales outlined in the bill. As originally drafted, the legislation would have imposed a five percent tax on marijuana products, revenue from which would be used in part to fund a grant program to support communities disproportionately impacted by the war on drugs. In the most recent version, that language was removed and replaced with text that more closely reflects a separate descheduling bill, the Marijuana Revenue and Regulation Act. The modified tax provisions of the MORE Act would make it so cannabis would be federally…

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Source : Watch Live: Key House Committee Prepares Marijuana Legalization Bill For Floor Vote

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