For the first time in nearly a decade all three branches of the
Federal Government are controlled by Democrats. The Democratic
Party has a plethora of agenda items it is looking to enact within
this unified government. One of those policy issues is the federal
legalization of cannabis.
House Democrats recently passed the MORE Act, which would
federally legalize cannabis. The House leadership intends to
re-introduce the MORE Act and pass it in short order. Newly minted
Senate Majority Leader Chuck Schumer has indicated the MORE Act
will be a priority in the U.S. Senate moving forward.
As a result, the cannabis industry must be ready for federal
cannabis legalization to occur within the 117th Congress and signed
into law by soon to be President Joe Biden. As the Federal
Government debates and looks to implement federal legalization, the
cannabis industry needs to first focus on three very specific
policy issues: interstate commerce, state preservation of
regulatory
