Marijuana Moment Spills The Beans On New GOP Proposed Cannabis Legalization Bill & The Media Love It

CANNANNEW REPORT

Yes everybody’s getting very excited by this and it must be very galling to a number of those on the other side of the aisle who had to put up with the Republicans under Trump doing everything to stymie any decent or fair legislation that did anything other than suggest enriching certain GOP house and senate ( yes we know who you are) sitting members. We do worry about collective memory in this day and age.   According to MM the proposed legislation suggests the following Here’s a rundown of the details based on the draft legislation and summary documents obtained by Marijuana Moment:  -Cannabis would be federally descheduled and treated in a manner similar to alcohol. -A 3.75 percent excise tax would be imposed on cannabis sales. Revenue would support grant programs for community reentry, law enforcement and Small Business Administration (SBA) aid for newly licensed businesses. -The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) would be the chief regulator for marijuana with respect to interstate commerce. -The Food and Drug Administration (FDA) would be limited in its regulatory authority, with the intent being that it would have no more control over cannabis than it does for alcohol except when it comes to medical cannabis. The agency could prescribe serving sizes, certify designated state medical cannabis products and approve and regulate pharmaceuticals derived from marijuana, but could not ban the use of cannabis or its derivates in non-drug applications, like in designated state medical cannabis products, dietary supplements, foods, beverages, non-drug topicals or cosmetics. -Raw cannabis would be considered an agricultural commodity regulated by the U.S. Department of Agriculture (USDA). -The legislation would grandfather existing state-licensed cannabis operators into the federal scheme to ensure continued patient access and incentivize participation in the legal market. -As federal…

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Source : Marijuana Moment Spills The Beans On New GOP Proposed Cannabis Legalization Bill & The Media Love It

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