Here Is What You Should Know About Marijuana’s Federal Legalization
While many states in the US have welcomed the Marijuana industry in, there are quite a few who haven’t. This opinion seems to be staying in our congress as well, where the plant is nevertheless considered a criminalized drug. This means that even if a state has the plant decriminalized and legal, they will encounter challenges legally and with their economic dealings. Mostly, these issues stem with banking. However, with the new bill that has been pushed through recently, it has been proven evident that others are looking to change that. This recent reform bill, named The Marijuana Opportunity, Reinvestment and Expungement Act proposes taking away the criminal record that many have had over the years that the War on Drugs has been occurring for years, and also making Marijuana federally legal.
This means a lot for the people who need the plant for medical purposes, but less for those who are merely looking to smoke recreationally, as there are still many states that do not favor that point of view yet. Even though we have a few Republican congress members who are not fond of the bill, the fact that Marijuana is being brought to light once again is a strong indicator of our collective feelings about the plant. All over the country, there are experiments taking place to find the best way to use the plant to help people. With this new bill, that would be encouraged and would be more regulated so that there can be fewer safety concerns. There is one other thing that this bill also calls for: the creation of a Cannabis Justice Office and a grant program that would help with literacy programs, assistance, and recreation and health services for the people who have been wrongfully affected by the War on Drugs. Ultimately, however, the person that stands in the way of the bill coming completely to fruition is Mitch McConnell, the Senate Majority Leader. He only brings to the table the bills that he wants to approve and has a long history of not being in favor of legalizing the plant completely.
This is not the only bill that has been introduced to congress. There have been multiple bills brought to light within the last months and even more from the entire year. This is showing that there is a trend in the American populace, and it is a trend that favors the legalization or at least decriminalization, of Marijuana. In light of how many bills that are coming across congress’s desk, the 116th congress has been deemed the most Marijuana friendly congress ever. In June, they passed a bill to stop the Department of Justice from spending money to intervene in state and territory marijuana policies. Another amendment that has been passed to begin the process of regulating CBD in foods and dietary supplements by the Food and Drug Administration. The Treasury has also been blocked from treating banks differently because they have been maintaining accounts for state-legal cannabis businesses.
With all of these bills rolling through congress, this also means the stocks within the Cannabis industry are skyrocketing. This industry is growing swiftly now because more and more states are allowing people to have access to it. This is proving to remain a boost to these states’ economies, which is why not discriminating against the banks, has been a very heated issue. There are a lot of big names that are beginning to invest in the Cannabis stocks, and while there isn’t a good chance of this most recent bill passing, looking into how to invest in the Cannabis stocks could be a clever idea for you. Even an individual can gain from these trends, as the industry is booming and shows no signs of slowing down. It is becoming less and less popular for young people to invest in stocks, mostly because they are not taught how rewarding it can be. In this situation, a 101 guide on Marijuana investing could be helpful to you so that you may make the most out of this opportunistic time.
While the United States as a whole remains at sixty percent of our people wanting to legalize Cannabis, we still have a long way to go. Even if this most recent bill does pass, there will still be complications for the states that have not shown interest in legalizing the plant. This means that although on the federal level, Cannabis would no longer be anywhere in the controlled substance schedule, those who got caught with it in their state may still face penalties. Therefore although we are making progress here in the states, it is still a good idea to pay attention to where you live and the laws that are enforced there, as they may not be the same as the laws that are enforced federally.