Today, Senator Ron Wyden introduced a new bill in Senate that would legalize Cannabis at Federal level and allow states where weed is legal to function as they see fit without fear of a U.S. government crackdown. The legislation is labeled with a conspicuous number: S.420. A majority of US states including Oregon will allow recreational or medical use of pot Wyden’s legislation, or the Marijuana Revenue and Regulation Act.
“No currently accepted medical use in the United States, a lack of accepted safety for use under medical supervision, and a high potential for abuse,” according to the Drug Enforcement Administration.
The new bill gives the Drug Enforcement Administration a period of sixty days to remove the drug from controlled substances, except for the cities where it is still illegal. S.420 also wants the merchant to add an excise tax to marijuana. On the other hand, the new bill would require companies and businesses to register for special permits to start selling weed.
Marijuana made products will need labeling and advertising requirements similar to those required for alcohol. Along with Marijuana bill, Senator Ron Wyden also introduced two other bills today in Senate. The purpose of both the bills is to allowing sellers in states that have already legalized marijuana and to take regular tax deductions like other businesses. It gives access of banks which shows an easier time taking out ads to Cannabis companies.
It is not the first time the bill has taken number 420, last month, Rep. Earl Blumenauer (D-OR) proposed H.R. 420 a bill made to equally treat weed like alcohol. Researchers are given consideration of Wyden and Blumenauer’s legislation to carry out work in accordance with their bills alongside the Federal government.
The Attorney General will have the power to select distributors to supply seeds and immature plants to scientists doing work in this field.
In a statement, Wyden said, “The American people have elected the most pro-cannabis Congress in American history and significant pieces of legislation are being introduced.”
Anyhow, the bill introduced today and it will take time and efforts to become it a law.