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INDUSTRY, ACTIVISTS JOSTLE OVER FEDERAL REC BILL

A consensus is emerging that equity measures to atone for the war on drugs should be included in the cannabis legalization efforts under consideration in Congress. However, as social justice advocates and industry jostle for position, it remains unclear what kind of bill can win the likely 60 votes necessary to pass the evenly split U.S. Senate.  
WeedWeek

  • Social justice activists want a bill that follows the rough contours of the progressive MORE Act, which passed the House of Representatives in December.
  • A new group called the U.S. Cannabis Council (USCC), which has several large MSOs as members, is also calling for equity, but it hasn’t disclosed its priorities for what the bill should say. 
  • Variables in the forthcoming bill could be worth billions to some of the big pot companies which have joined the USCC.

Read all about it.

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Don’t get too excited. Despite the current momentum, federal legalization faces “stiff challenges.”
MJBiz

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