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Keywords: "Controlled Substances Act"

Bill reintroduced in US Senate to remove cannabis from Controlled Substances Act

February 28, 2019 · Updated April 15, 2019

New Jersey Democratic Sen. Cory Booker reintroduced legislation that would remove marijuana from the Controlled Substances Act, effectively meaning state-legal cannabis businesses would not have to fear federal interference and could gain normal access to banking services. The Marijuana Justice Act, first introduced by Booker and Rep. Barbara Lee, a California Democrat, in 2017, is […]

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US senators ask Justice Department to deschedule marijuana

October 11, 2021

U.S. Sens. Cory Booker and Elizabeth Warren last week sent a letter to U.S. Attorney General Merrick Garland urging that the Department of Justice remove marijuana from the federal Controlled Substances list. The Democratic senators, from New Jersey and Massachusetts, respectively, wrote that descheduling marijuana is long overdue and “would allow states to regulate cannabis […]

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Key US House panel approves marijuana legalization – again

September 30, 2021

The U.S. House Judiciary Committee on Thursday advanced the sweeping social justice-focused marijuana legalization bill known as the MORE Act in a first step toward passage in the full House. But the Senate remains the high hurdle. The Judiciary Committee approved the legislation in a 26-15 vote, with 24 Democrats joined by two Republicans voting […]

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Marijuana trade groups offer comments on Schumer’s federal legalization bill

September 1, 2021

Several national marijuana trade organizations and activist groups submitted written comments about a draft of the most recent federal marijuana reform measure, highlighting the need for lower taxes and interstate commerce. The formal comments, which were due to the U.S. Senate this week, offer 169 pages of feedback on the Cannabis Administration and Opportunity Act […]

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US Supreme Court passes – again – on hearing IRS marijuana lawsuits

August 24, 2021

The U.S. Supreme Court confirmed for a second time that it will not enter the legal fray between a number of marijuana businesses and the IRS. According to Law360, the nation’s highest court again declined to hear appeals from Standing Akimbo and Eric Speidell, who owns The Green Solution and other marijuana businesses, in a […]

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Proposed tax rates in Schumer’s marijuana reform bill elicit ‘sticker shock’

July 28, 2021

The draft bill outlining Senate Majority Leader Chuck Schumer’s federal marijuana reform legislation sets a nationwide MJ excise tax that would rise from 10% to 25% over five years, a top rate that industry officials argue would be overly burdensome to operators as well as too high to combat illicit operators. The Cannabis Administration and […]

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Long-awaited US Senate marijuana reform bill unveiled, but measure faces long climb

July 14, 2021

Senate Majority Leader Chuck Schumer on Wednesday unveiled the draft of a comprehensive marijuana reform bill that would legalize the plant federally by removing it from the Controlled Substances Act while letting states continue to decide whether to prohibit or allow commercial sales. The long-awaited measure comes as public sentiment supports marijuana reform and more […]

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