Cannabis Industry Stakeholders, Policymakers Share Perspectives on States Reform Act


<![CDATA[During a Nov. 15 press conference, U.S. Rep. Nancy Mace, a Republican from South Carolina who took office at the beginning of the year, unveiled the States Reform Act (SRA), legislation that would allow state governments to regulate cannabis products through the health-and-safety oversights of their choosing.RELATED: GOP Congresswoman Mace Spices Up Federal Cannabis LegalizationThe 131-page draft bill proposes a 3% federal cannabis excise tax, with a 10-year moratorium on excise tax increases to maintain a competitive marketplace.The Alcohol and Tobacco Tax and Trade Bureau (TTB), which operates under the U.S. Department of the Treasury, would federally regulate the interstate commerce of cannabis products, while the Food and Drug Administration (FDA) would oversee medical cannabis.The legislation also includes expungement provisions, but cartel members, agents of cartel gangs or those convicted of driving under the influence would be excluded from seeking expungement.Here, Cannabis Business Times and Cannabis Dispensary have rounded up comments from various cannabis industry stakeholders and policymakers regarding the SRA.“The States Reform Act should remove disqualifying offenses based on cannabis consumption, manufacturing and sales. It should instead exclude applicants who have engaged in corporate crimes or fraud. Those are far more relevant reasons to disqualify someone from the cannabis industry.” – Shaleen Title, Founder, Parabola Center“Over two-thirds of Americans support federal cannabis legalization, and we are thrilled to see the comprehensive legislation that was introduced today by emerging leader, Republican Rep. Nancy Mace. As Americans seek to engage in the bipartisan effort to undo the unfair and misguided cannabis policies that have harmed disadvantaged communities, this legislation will give supporters from the Republican side of the aisle a comprehensive reform effort to champion.From South Carolina and beyond, the benefits of legalization, such as economic and job opportunities, are benefits that cross the aisle. Canopy Growth looks forward to working…

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Source : Cannabis Industry Stakeholders, Policymakers Share Perspectives on States Reform Act

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