1933 Industries Inc C.TGIF

FROM BNN no surprises here

[jfogarty12]

U.S. House committee passes legalization bill but full passage uncertain 

A U.S. House of Representatives committee has voted to approve a piece of legislation that would legalize cannabis on the federal level as well as promote social equity, Marijuana Moment reports. The industry news site reported that the House Judiciary Committee voted in favour of the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act on Thursday, which will now see the bill head for a broader vote in the House. In addition to descheduling cannabis as a controlled substance, the bill would create a federal tax on cannabis which would be earmarked for community reinvestment programs while allowing people with cannabis convictions to have their records expunged, the website notes. Even if the bill does make its way through a general vote in the House, it remains to be seen if the U.S. Senate will move forward with this bill given that Senate Majority Leader Chuck Schumer has his own cannabis reform legislation that may take priority.