The federal government’s activities to regulate cannabis would be funded by a federal excise tax, although the bill does not include a specific tax rate. The new legislation is characterized as a “modernized” version of a bill Joyce introduced in 2019 known as the STATES Act. Joyce’s bill does not prohibit the interstate trade of cannabis, setting the stage for a truly national market for regulated cannabis. Republican U.S. Representative David Joyce of Ohio will soon introduce a new bill to legalize cannabis at the federal level, according to a report from Forbes published on Wednesday. If passed, the legislation would remove cannabis from Schedule l of the federal Controlled Substances Act (CSA).
Republican U.S. Representative David Joyce of Ohio will soon introduce a new bill to legalize cannabis at the federal level, according to a report from Forbes published on Wednesday.
The new legislation is characterized as a “modernized” version of a bill Joyce introduced in 2019 known as the STATES Act. Although the measure has not yet been formally introduced in the House of Representatives, a draft of Joyce’s new bill is titled the STATES 2.0 Act.
If passed, the legislation would remove cannabis from Schedule l of...
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