New normal in US Congress: Marijuana hearings, reform bills & how they could affect the MJ industry
Cannabis has gone from the butt of jokes on Capitol Hill to milestone hearings and the introduction of landmark legalization reform packages that offer the potential to pave the way for billions of dollars in new business opportunities nationwide.
HIGHLIGHTS
- Just a few months ago it appeared the federal marijuana legislation most likely to pass would be narrowly focused; now it seems a more comprehensive bill that would legalize marijuana nationwide is forthcoming.
- Experts point out major reform before 2021 has long odds because of resistance in the Republican-controlled Senate.
- Large industry groups are pushing for specific reforms, such as the SAFE Banking Act. It’s the voices of these groups that have given momentum to the issues in the Senate.
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