www.senate.gov. Not only would the MORE Act end the criminalization of cannabis at the federal level going forward, it would also be retroactive. Updated on December 14, 2021 "For us, it would allow us to bring businesses like Wana and Acreage into our [profit and loss] and run it more like a consolidated enterprise, which would be super exciting for our investors. Cowen analyst Jaret Seiberg calls Wednesday's House vote "symbolic" and estimates Democrats would need at least 10 Republican votes in the Senate to overcome a filibuster and pass a cannabis bill. The MORE Act passed the Democratic-controlled House in December 2020 in a 228-164 vote largely divided along party lines. Urge your state legislators to support a compassionate medical cannabis program! Weve made it simple: you can get an email message to your lawmaker in less than two minutes with this link. Perlmutter, a member on the Rules panel a co-sponsor of the MORE Act, has long been a supporter of legalizing cannabis. According to data from Headset, drinkable cannabis currently makes up 1% of the U.S. market. Canopy Growth CEO David Klein said federal legalization would be transformative for the Canada-based company in the eyes of investors. Kevin McCarthy (@SpeakerMcCarthy) February 28, 2023 BREAKING: The House of Representatives, under the leadership of @SpeakerMcCarthy , has officially voted to strike down the Biden Admin's new Department of Labor rule allowing/encouraging asset managers to consider ESG criteria when making retirement . I cover what's going on in the news and how it affects your bottom line. You might be using an unsupported or outdated browser. I have a master's degree in international communication studies and I'm currently based in Paris, France. ET. More than two thirds of Americans support repealing the federal prohibition of marijuana and they deserve to know where our elected officials stand on this issue. Breaking the Link New Developments on U.S. "Anything short of protecting the right to . NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. Sign up for free newsletters and get more CNBC delivered to your inbox. Please ask your representative for a yes vote on MORE if it is called for a vote. Copyright 2023 MarketWatch, Inc. All rights reserved. The measure would impose a 5% tax on the retail sales of cannabis to go to the Opportunity Trust Fund. The U.S. Constitution says that bills should be decided on by the yeas and nays (Article I, Section 7). On Friday, May 28, 2021, Rep. Jerrold Nadler (D-NY) reintroduced the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act in the U.S. House of Representatives. Waters of the United States and Winston Churchill. 10:00 a.m.: Convene and proceed to executive session to resume consideration of the nomination of Colleen R. Lawless, of Illinois, to be United States District Judge for the Central District of Illinois. Members of Congress side together for many reasons beside being in the same political party, especially so for less prominent legislation or legislation specific to a certain region. The CMRE Act would also require the U.S. Department of Health and Human Services (HHS) to prepare a report on the potential health benefits of cannabis use as well as a report on the barriers to cannabis research and how to overcome them. But that is changing. It was most recently raised . It faces a stern test in the Senate this year but it's progress no matter the outcome. The Votes page of the Virtual Reference Desk provides voting procedure information, research guides, and essays about historic votes. Supporters of marijuana legalization argue that its criminalization is racially biased, costly for the justice system and goes against public sentiment. What might have determined how the roll call came out in this case? The Marijuana Opportunity Reinvestment and Expungement (MORE) Act passed the U.S. House of Representatives on April 1, 2022. Laid-off Meta cafeteria workers ask for the same severance as the companys employees. 6552; A bill to amend section 1115 of title 31, United States Code, to amend the description of how performance goals are achieved, and for other purposes. May 3, 2022. Privacy Policy | Attorney Advertising Notice: Prior results do not guarantee a similar outcome. The legislation also clarifies that physicians may discuss the risks and benefits of cannabis use with patients without violating the Controlled Substances Act (CSA). The tentative schedule for 2022 has been announced. However, he said the House debate could prove insightful with midterm elections looming this November. Discover the histories, traditions, and arrangements of senators' desks. For the MORE Act to pass the Senate, supporters would need 60 votes to overcome a filibuster. Telephone and Texting Compliance News: Regulatory Update February 2023. ET Industry analysts generally see a murky path forward for all of the cannabis reform bills on Capitol Hill, but but they feel that meaningful steps towards legalization are expected to continue to spark interest in cannabis stocks. |. What might come next? Schumer and . But it went nowhere in the then-Republican majority Senate. All rights reserved. Each hexagon represents one congressional district. Published April 28th, 2022 at 3:06 pm, . Stifel analyst Andrew Carter has forecasted that higher margin drinkable cannabis would see accelerated growth in 2022. You are responsible for reading, understanding and agreeing to the National Law Review's (NLRs) and the National Law Forum LLC's Terms of Use and Privacy Policy before using the National Law Review website. Click here to make a donation today. Constellation Brands, the spirits and beer giant, owns a 36% stake in Canopy. Usage Policy | Short title. But since its still illegal under federal law, it poses significant challenges for marijuana businesses, including being barred from accessing financial services and unable to obtain loans or bank accounts. Leadership in the Senate is preparing to introduce a separate bill with similar aims. Onward! Lokay said the MORE Act would require 60 votes in the Senate, and it's likely to fall short. According to the ACLU, Black Americans are more likely to be arrested than white Americans for marijuana possession, despite similar usage rates. THIS IS IT! National Law Review, Volume XII, Number 89, Public Services, Infrastructure, Transportation, Mandatory Arbitration Agreements Remain Valid in California, Antitrust Practitioners Expect Activity With Climate Issues. Abusive Arbitrage Devices Its Time to Get Reacquainted (Episode 2 How Modern Manufacturing Plants Can Protect Against Ransomware, Cyberattacks, FTC Will Host May 23, 2023, Workshop on Recyclable Claims and the Green Guides. On Wednesday, the House Rules Committee is set to hold a hearing on the Marijuana Opportunity Reinvestment and Expungement Act, which would decriminalize cannabis at the federal level. On Friday, the House of Representatives passed a bill that would decriminalize marijuana use on a federal level. The U.S. House of Representatives is likely to pass the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) by a slim margin when it comes up for a vote as early as Friday but the measure will not likely pass the Senate, Beacon Policy Advisors LLC analyst Andrew Lokay said in a note on Monday. Use this guide to help you find the full text of recent bills and resolutions on the Web, or order them from the Senate or House Document Rooms, or you can find them in a library. We think that as more people come into the category, the new comers to the category, will over index in edibles and drinks.". Nota Bene Episode 160: European Update: Oliver Heinisch and Scott Federal Communications Commission to Consider Rules and Proposals to Whats the Standard? The MORE Act is one of several federal cannabis reform bills being considered by Congress. On Passage of the Bill in the House. Its an easy but powerful way to make your opinion known at a key moment. Challenges to the No Surprises Act Continue: The Latest includes a Navigating Permissive State Laws in Light of the Federal Information FDA Publishes List of 2023 Priority Guidance Topics. Authored by Manny Muriel Recently, the House once again moved forward with proposed cannabis legislation. Colorado and Washington became the first states to legalize the recreational use of marijuana in 2012. Two amendments passed while a third was rejected. vote to pass the MORE Act in . 2023 Forbes Media LLC. How well do you understand this vote? Information provided on Forbes Advisor is for educational purposes only. Desperate Times, Desperate Measuring Cups FTC Brings Enforcement Trending in Telehealth: February 20 26, 2023, IRS Sets Deadline For Using 401(K) Plan Forfeitures, How Generative AI Generates Legal Issues in the Games Industry, DOJ Announces New Nationwide Voluntary Self-Disclosure Policy. "We've always been really bullish on drinks," Klein said. Will Changes to the Option To Tax Regime Impact UK Insolvency Sales? If youve visited a bill page on GovTrack.us recently, you may have noticed a new study guide tab located just below the bill title. Thank you for joining the GovTrack Advisory Community! Statistically notable votes are the votes that are most surprising, or least predictable, given how other members of each voters party voted and other factors. Should we cut my sister out of the family inheritance? On behalf of cannabis consumers nationwide and the people who have been victimized and marginalized by our misguided federal marijuana laws, we thank House Speaker Pelosi and Majority Leader Hoyer, House Judiciary Chairman Jerry Nadler, Reps. Earl Blumenauer, Jim Clyburn, Hakeem Jeffries, Barbara Lee, Sheila Jackson Lee, Ed Perlmutter, Nydia Velasquez, and many others for their steadfast support for comprehensive marijuana policy reform and for their efforts to bring this legislation to a vote.. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The Speaker of the House is not required to vote in ordinary legislative proceedings, except when such vote would be decisive. In practice, this means the Speaker of the House rarely votes and only does so when it is politically useful. By joining our advisory group, you can help us make GovTrack more useful and engaging to young voters like you. The House of Representatives previously passed the MORE Act in December 2020, but the bill did not advance in the Senate. Lokay said it's possible the SAFE Banking Act to give cannabis companies more access to financial services could pass this year. It remains to be seen whether this iteration will cross the legislative finish line. Reach out right now! Even if all Senate Democrats voted in favor of the bill, it would still need 10 GOP votes for it to pass and be signed into law. The bill only received three Republican votes in the House, indicating that it could be a tough sell in the Senate. 104). This was a vote to pass H.R. How to Make the Best Out of Your Employees Inventions Applicable Rules and Best Practices for Global Companies, Key Changes Are on the Horizon for Retirement Plans, McDermott IP Focus (Japan) 2023 - Life Sciences Session: Pharma Brands v. Generics: Developments Affecting the Balance Between Exclusivity and Market Entry, The Final CCPA Regulations: What You Need To Know. Measure Number: S. 3373 (Honoring our PACT Act of 2022 ) Measure Title: A bill to improve the Iraq and Afghanistan Service Grant and the Children of Fallen Heroes Grant. We rely on contributions from our supporters to sustain our mission. "Once it has become clear that it doesn't have enough support to move forward.at that point, [Senate Majority Leader] Schumer could allow SAFE Banking to be attached as an amendment to must-pass legislation," Lokay said. It was the second time in U.S. history when the House voted on. 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