In a surprising turn of events, a key Congressional committee, the House Judiciary Committee, has voted to approve the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019, or H.R. 3884, which would effectively put an end to cannabis prohibition in the United States of America, on a federal level by removing it from the Controlled Substances Act.
The bill also stipulates the potential expungement of certain federal cannabis convictions—with expenses being covered by a small excise tax imposed on the legal cannabis industry, as well as the creation of a Cannabis Justice Office focused on reinvesting resources into communities most affected by prohibition. Finally, if fully passed, the law would allow the Small Business Administration to issue loans and grants to marijuana-related businesses, and provide a green light for physicians in the Veterans Affairs system to prescribe medical cannabis to patients, as long as they abide by state specific laws.
