A Republican bill to legalize marijuana at the federal level in the United States, expected to be unveiled soon, would have a lighter regulatory touch, lower taxes and fewer provisions to help minorities compared to prior legislative efforts, two people who have seen the draft legislation said.
South Carolina Rep. Nancy Mace has been reported to be leading the draft. Mace, who has declined to comment when asked about the initiative, has a news conference scheduled for Monday about the proposal. Her legislation follows a bill from Democrat and Senate Majority Leader Chuck Schumer, the Cannabis Administration & Opportunity Act, which hasn’t gained traction.
Those who have seen Mace’s draft say it would regulate cannabis more like alcohol. This would be a lighter touch than the more rigorous oversight called for in Schumer’s bill, which critics said would make pot akin to pharmaceutical drugs or tobacco by putting the U.S. Food and Drug Administration in charge of overseeing health and safety issues. The draft, which was also seen by Bloomberg News, has not been finalized and some details still could change.
“It would largely delegate regulatory powers to the existing state governments,” said Brady Cobb, a board member of Captor Capital, an Irvine, California-based operator of dispensaries, who saw the draft. Cobb, the former chief executive officer of Bluma Wellness, is also a lobbyist in Washington pushing for cannabis reform.
Mace’s…
Original Author Link click here to read complete story..
A Republican bill to legalize marijuana at the federal level in the United States, expected to be unveiled soon, would have a lighter regulatory touch, lower taxes and fewer provisions to help minorities compared to prior legislative efforts, two people who have seen the draft legislation said.
South Carolina Rep. Nancy Mace has been reported to be leading the draft. Mace, who has declined to comment when asked about the initiative, has a news conference scheduled for Monday about the proposal. Her legislation follows a bill from Democrat and Senate Majority Leader Chuck Schumer, the Cannabis Administration & Opportunity Act, which hasn’t gained traction.
Those who have seen Mace’s draft say it would regulate cannabis more like alcohol. This would be a lighter touch than the more rigorous oversight called for in Schumer’s bill, which critics said would make pot akin to pharmaceutical drugs or tobacco by putting the U.S. Food and Drug Administration in charge of overseeing health and safety issues. The draft, which was also seen by Bloomberg News, has not been finalized and some details still could change.
“It would largely delegate regulatory powers to the existing state governments,” said Brady Cobb, a board member of Captor Capital, an Irvine, California-based operator of dispensaries, who saw the draft. Cobb, the former chief executive officer of Bluma Wellness, is also a lobbyist in Washington pushing for cannabis reform.
Mace’s…
