An all-encompassing cannabis reform bill inches the nation’s marijuana industry ever closer to federal legalization, as the U.S. House Judiciary Committee voted 24-10 in favor of the bill carried by California-Dem. Kamala Harris in the Senate.
The MORE Act
Should the bill become law, the 2019 Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) has the potential to extend vast business opportunities for licensed cannabis outfits, especially in states like California where legal operations have already had time to become well established.
However, the bill is not expect to be reviewed by the full House until at least 2020. And in the event that the full House does pass the measure, the current Republican-controlled senate will likely be a difficult obstacle for the Democrat lead bill to overcome prior to next year’s federal election.