Here’s a rundown of the details based on the draft legislation and summary documents obtained by Marijuana Moment:
-Cannabis would be federally descheduled and treated in a manner similar to alcohol.
-A 3.75 percent excise tax would be imposed on cannabis sales. Revenue would support grant programs for community reentry, law enforcement and Small Business Administration (SBA) aid for newly licensed businesses.
-The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) would be the chief regulator for marijuana with respect to interstate commerce.
Will a Republican bill to legalize cannabis at a federal level get passed before the Dems???
MSOS had the highest volume today they've ever recorded since trading.
