When Will Marijuana Be Federally Legal?
If you’re wondering when will marijuana be federally legal, you’re not alone. There are millions of Americans who are wondering the same thing. It’s been a controversial issue since its prohibition as a Schedule 1 illegal drug – on a par with LSD and heroin – and federal policy has been stifling research. Many scientists are unable to study marijuana’s health benefits and risks. President-elect Joe Biden’s campaign promised to reschedule marijuana, and he’s also promised to grant clemency to people with federal marijuana convictions. quickest way to get a medical marijuana card in ny
While lawmakers have been busy passing laws legalizing marijuana in individual states, most states still have a long way to go before it becomes federally legal. New Jersey, for example, has delayed its legal cannabis market until next year after voters approved a bill in 2020. Other states like Louisiana have yet to implement a legal marijuana market, and still have gaps in their laws. In Louisiana, for example, it is still illegal to drive under the influence, but not to smoke marijuana while driving. House lawmakers have also debated the measure, with Republicans arguing legalization would not reduce crime while Democrats said it would free police to pursue more serious offenses. Fortunately, the legislation passed with the support of moderate Democrats and a progressive member.
Fortunately, despite the long-standing conflict between marijuana legalization and federal law, serious negotiations are beginning in Congress on bipartisan legislation. Rep. Steve Mace, chairman of the House Judiciary Committee, is working with Rep. Jerrold Nadler, who is pushing for legalization. It’s possible that a bipartisan marijuana bill in the House and an agreement with the Senate could be reached soon.
Although marijuana is legal in most states, the federal government may be a long way from enacting laws that would make the drug legal in that state. Despite the legalization in many states, the nation has spent hundreds of millions of dollars on research on Covid-19 in the last two years. If it passes, the nation will see a boost in its economy, and it could also create jobs in the state.
Once the federal government passes legalization in the U.S., companies in the cannabis industry will no doubt be going public. Cannabis companies will continue to launch IPOs, but landing on the NASDAQ or New York Stock Exchange is unlikely. Many major retailers and delivery platforms will likely stay out of the industry. They do not see the profit potential as worth the extreme risk. It’s not clear when marijuana will become federally legal, but many people hope it will.
Despite these difficulties, the MORE Act has finally reached the House. It was passed with a bipartisan vote of 220-to-204. The Senate has yet to act on the measure, but it opens up a path to a more accepting federal marijuana policy. There’s no reason why cannabis shouldn’t be legal in the future. There are countless benefits to using marijuana. If you’re interested in legalization, you should check with your state laws.