Key Senate Chairman Previews Plan To Advance Federal Marijuana Legalization This Session

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The chairman of a key Senate committee—who recently joined with other Democratic leaders to lay out a process for shaping a federal marijuana legalization bill—tackling a number of issues such as cannabis tax policy and regulations. Sen. Ron Wyden (D-OR), who assumed the top spot on the Senate Finance Committee under the chamber’s new Democratic majority, said his goal will be to “end the prohibition and come up with sensible tax and regulatory oversight at the federal level.” “This is a framework that I’ve championed, and I’ll be championing it as chairman,” he told The Source Weekly’s podcast Bend Don’t Break. “You do that and you take care of the banking question, you take care of the tax question, you take care of the research issue and this whole array of issues that have been gridlocked because the federal government on cannabis has been tethered to yesteryear. That has been the central problem.” Watch the senator talk about marijuana reform plans below:  “We really are the lead committee” on the cannabis issue, Wyden said. The senator’s comments, published on Saturday, came just days before he, Senate Majority Leader Chuck Schumer (D-NY) and Sen. Cory Booker (D-NJ) formally announced plans to introduce draft marijuana legislation early this year as Congress moves to legalize. While Wyden didn’t point to any specific bills in the podcast interview, there are numerous pieces of legislation that could fall within his committee’s jurisdiction. That includes comprehensive proposals to federally legalize cannabis that would involve imposing excise taxes on marijuana sales, for example. The Senate version of a House-passed bill to deschedule marijuana and fund programs to repair the harms of the drug war was referred to Finance last session but died without a hearing or a vote under Republican leadership. The new chairman said that “it’s…

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Source : Key Senate Chairman Previews Plan To Advance Federal Marijuana Legalization This Session

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