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), a member of GOP leadership, cast doubt on its chances. BIPA ALERT: Illinois Supreme Court Opens the Door to Punitive, President Biden to Nominate Julie Su as New Secretary of Labor, The European Unitary Patent: Why Retailers Should Care, New York City Employers Prepare for AI Bias Law [VIDEO], Administration's WOTUS Rule Muddies Jurisdictional Waters. California Law May Limit Hospitals Ability to Adopt The Joint Ankura CTIX FLASH Update - February 28, 2023, Ankura Cyber Threat Investigations and Expert Services. Creditor Stung By Academy Of Motion Picture Arts And Sciences Bylaws. Copyright 2023 Market Realist. . This Week in 340B: February 21 27, 2023. See our previous alert here . If the House passes the MORE Act, the next step would be to move the bill to the Senate. The Final CCPA Regulations: What You Need To Know, Are College Athletes Students or Employees? As usual, the votes for the MORE Act closely followed party lines on both sides, 220-204 in favor of Democrats, repeating the scenario seen in December 2020. Updated: Feb 28, 2023 / 09:27 AM EST. Senator Chuck Schumer is expected to introduce that bill in the coming weeks. With the midterm elections over, Democrats have found enough Republicans ready to join them in advancing basic LGBTQ rights. Earl Carter, a Republican from Georgia, embraced old stereotypes on marijuana use: As a pharmacist, I can tell you, marijuana is nothing more than a gateway drugit leads to other, harder drugs, said Carter. MORE Act Passes House Again. Simple Majority Required. This site is maintained by the Arkansas Bureau of Legislative Research, Information Systems Dept., and is the official website of the Arkansas General Assembly. The MORE Act will reach the House floor for an official vote next week, and after that it could head to the Senate. Senate Democrats released the draft plan in July, whilealso askingfor feedback from the public and stakeholders as well as government and state officials. Most Republicans who took to the podium to voice their opposition against the bill said there are more important crises Congress should be addressing, from the invasion of Ukraine to rising gas prices to inflation. This tells me where his mind is at; that he believes more research is still needed. Perez added that she thinks its possible Biden may yet take some action to give clemency to people convicted of low-level marijuana-related crimes. 2023 Strassburger McKenna Gutnick & Gefsky, National Law Review, Volume XII, Number 98, Public Services, Infrastructure, Transportation, Mandatory Arbitration Agreements Remain Valid in California, Antitrust Practitioners Expect Activity With Climate Issues. The House passed an earlier version of the bill in a lame-duck session in December 2020, only to see it stall in the Senate. The National Law Review is a free to use, no-log in database of legal and business articles. Sen. Roy Blunt (Mo. 1996) to no avail. Because of this, this industry faces huge obstacles (think back to the banking laws), and Americans are still paying to price of outdated penalties for cannabis use. During his opening statement, Nadler said that the bill, if made into law, would reverse decades of injustices waged on Americans, and especially those from communities of color. From year five and beyond the tax would be 8% of the Treasury Departments established prevailing sales price. The House already passed this bill to remove cannabis from its list of federally controlled substances back in 2020, but the Senate didn't move on the bill within that legislative cycle. The Senate on Wednesday night failed to change the filibuster rule to allow voting rights legislation to pass with a simple majority. Senate Majority Leader Charles Schumer (D-N.Y.) is facing significant obstacles in his legislative push to legalize marijuana, with resistance from Republicans and members of his own party threatening chances of passage in the upper chamber. In this Congress, we really havent been able to do that in the Senate, because the CAOA hasnt been introduced yet. Budget reconciliation is a special parliamentary procedure of the United States Congress set up to expedite the passage of certain budgetary legislation in the United States Senate.The procedure overrides the filibuster rules in the Senate, which may otherwise require a 60-vote supermajority for passage by the Senate. The MORE Act would also ensure the federal government could not discriminate against people because of cannabis use. The tally fell largely along party lines, with all Democrats supporting the measure and all but two Republicans voting against it. The States Reform Act is in competition with the MORE Act in the House, and Mace recently stated there was "no quid pro quo" on a contingent "yes" vote on the MORE Act. Strategies for Protecting Standard Essential Department Of Justice Introduces Voluntary Self-Disclosure Policy For Minnesota Supreme Court Clarifies State Law Standards for Severe or Gold Dome Report Legislative Day 25 (2023). "We are not a threat to anybody.". This year, the MORE Act was filed again, and passed out of the House just a few weeks ago on April 1st. The fast-growing cannabis industry, which employs more than 400,000 U.S. workers, has suggested that lawmakers could pass the banking bill alongside other bipartisan bills to expunge weed convictions. : Advanced Marketing Compels Trial on Arbitration in a TCPA Health Plans Gag Clause Attestations Due December 31, 2023. Placed on second reading for the purpose of amendment. Most young women are not. This website uses cookies to allow you to log into the, House -- Returned by the Committee Do Pass. On March 24, cannabis stocks rose, including the share prices of Aurora Cannabis and Canopy Growth (both up about 11 percent) and Tilray (up 22 percent). Challenges to the No Surprises Act Continue: The Latest includes a Navigating Permissive State Laws in Light of the Federal Information FDA Publishes List of 2023 Priority Guidance Topics. US Cannabis Council (@USCannabisCncl) April 1, 2022 Other organizations agreed about the urgency of the legislation. The first draft of the CAO had a 10% cannabis sales tax increasing to 25% over 5 years, much higher than the 5-8% proposed in the MORE Act. Congressional candidates Texas Jessica Cisneros, Pennsylvania, John Fetterman, to Indiana, Thomas McDermott, have released statements in support of the MORE Act and highlighting their adversaries lack of support. In terms of timing on the marriage equality bill, the Senate is expected to vote on it later this week, per the source familiar with negotiations. The Senate majority leader has said he is reaching across party lines to gain support for the bill, but its chances seem slim. Market Realist is a registered trademark. NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. If he is, it would be the first time that Pennsylvania Democrat Sen. John Fetterman's absence had an effect on a vote in the Senate because then the measure would only need 50 votes to pass. It faces a stern test in the Senate this year but it's progress no matter the outcome. Under the current version of the bill, the tax will start at 5% but increase to 8% over three years. "We have a historic opportunity today to right a wrong that should have been righted decades ago," Sen. Mallory McMorrow, D-Royal Oak, said. Mother Jones describes the political battlelines: Sure, there were a few defectors on either. Backers havesaidthe plan seeks to build upon the text seen in the MORE Act, with proposals aimed at addressing items like drugged driving and safety standards, among other measures. The MORE Act, which passed the House of Representatives in 2020 only to die in the Senate, would remove marijuana from the federal list of controlled substances. The Basics of Californias Outside Salesperson Exemption. WASHINGTON The House of Representatives on Friday voted to federally legalize marijuana, but the bill faces long odds in the Senate and a . Only three Republicans, Brian Mast, Tom McClintock, and Matt Gaetz, supported the measure. One main focus here is cannabis related business would finally be able to use federally mandated banks as normal businesses instead of having to pay a premium for banking services from select banks offering cannabis programs. Performance Rule Requires Disclosure of Relationship Tech Takeaways: SCOTUS Weighs in on Pivotal Tech Cases. As described above, the MORE Act proposes an excise tax on cannabis products. Its kind of difficult to really rally conversations and hearings around a bill that doesnt technically exist, he said. This bill simplifies and streamlines the process of beginning research and encourages the FDA to work on developing more cannabis-related medicines. By: Alex Bozarjian , Jordan Nagel Posted at 10:37 PM, Mar 01, 2023 This is for two reasons, one, there are not many banks that take on cannabis related banking, and two, the federal illegality of cannabis increases the amount of paperwork and oversight needed by banks. Two Democrats, Henry Cuellar and Christopher Pappas, opposed the MORE Act. It was not taken up by the Senate, which. . This is the second. Until congress addresses the inability to access the financial system, the cannabis industry will continue to operate as a largely cash-based business. GT's The Performance Review Episode 19: Is the Fight Over AB 51 5 Reasons Community Associations Need an Attorney That Specializes in New York Proposes Regulatory Review and Approval of Material Health CMS Issues Long-Awaiting Medicare Advantage RADV Final Rule, Preventing the Use of Cryptocurrencies to Evade Sanctions. Eight Iowa state GOP lawmakers propose constitutional amendment to ban same-sex Watch live: White House monkeypox response team holds briefing, Do Not Sell or Share My Personal Information. Multiple Concussions Result in Greater Cognitive Deficits, DOL Issues Internal Guidance on Telework Under the FLSA & FMLA, USPTO Launches Cancer Moonshot Expedited Examination Pilot Program. He also said that he used to support tough-on-marijuana policies earlier in his political career. EC Appeals European General Court Decision Annulling the Harmonized Weekly Bankruptcy Alert February 28, 2023. Discovery sues Paramount in South Park streaming fight. Do Issuers Fail To File Form Ds Because They Fear Trolls? How Modern Manufacturing Plants Can Protect Against Ransomware, FTC Will Host May 23, 2023, Workshop on Recyclable Claims and the Appellate Court Affirmed An Order Denying A Beneficiarys Request For An Overview of Why Class Action Privacy Lawsuits May Have Just Gotten Gold Dome Report Legislative Day 26 (2023). I was a supporter of the war on drugs, Ive been here a long time. According to Reuters, only 7% of banks and 3% of credit unions offer a cannabis program, and some charge 400x more for a cannabis business account than their usual business banking accounts. Offers may be subject to change without notice. He is also the assistant district attorney for Oakland County. . The House. CORRECTION: Morgan Fox is the policy director at the National Organization for the Reform of Marijuana Laws. We need to regularize our banking laws and our tax laws around a business that will bring in billions of dollars for users and take a lot of risk out of a system right now that is legal in some places, but illegal at the federal level, and it makes no sense.. The House-passed bill included the SAFE Banking Act, while the Senate version did not. The House passed a bill to legalize marijuana for the second consecutive Congress, signaling a continued interest by Democrats in overhauling the federal approach . The Biden administration, however, has not made the progress many expected on cannabis reform, and its actions suggest a stance that is still very anti-cannabis. Strictly Confidential? Marijuana has been legalized in 40% of our states, and medical marijuana is legal in 36 states. On Monday, the Senate will reconvene after the Thanksgiving . The issue has been talked about quite a bit more in the House than it has in the Senate, which so far has not really had a substantive hearing on cannabis policy generally, said Morgan Fox, policy director at the National Organization for the Reform of Marijuana Laws. Congress has previously attempted to address this issue via the Secure and Fair Enforcement (SAFE) Banking Act (H.R. The last time the House passed the bill the Senate did not take it up to a vote. The content and links on www.NatLawReview.comare intended for general information purposes only. All Rights Reserved. Confidentiality and Non-Disparagement Agreements with Non-Supervisory USCIS Confirms It Will Accept Employment-Based I-485 Applications New Jersey Enacts Bill of Rights for Temporary Workers, DOJ Implements Nationwide Voluntary Self-Disclosure Program. Senate Votes. We expect congressional leadership to do everything in their power to advance descheduling, but we also realize that the clock is ticking on this session of Congress and its critically important that we see some reforms happen that are within reach, said Steve Hawkins, CEO of the U.S. Cannabis Council, an industry group. So far, the only GOP senators saying anything about this weeks forthcoming bill are the three who are in the bipartisan group that helped get a deal on the bill in the first place: Sens. The vote fell largely along party lines, with 6 Democrats voting against the bill and 5 Republicans voting . Do you have information you want to share with HuffPost? Licenses for Exports to Are You Ready for the UPC? In 2020, there were five votes in favor of reform among Republicans. Sessions versus Marijuana: What Are His Options? THE HILL 1625 K STREET, NW SUITE 900 WASHINGTON DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX. Litigation Setback for Employers Under Illinois Biometric Information Senate Committee Holds Hearing on Future of Low Carbon Transportation North Carolina Senate Passes Compassionate Care Act at Exactly 4:20 States and Feds Signal Big Changes to Telehealth Prescribing. The MORE Act passed the House with a vote of 219-202 along party lines, carried by Democrats. Copyright 2023 Scripps Media, Inc. All rights reserved. Recently, the House once again moved forward with proposed cannabis legislation. Businesses that do choose to bank with a business who offer a cannabis program have to pay whatever premium banks impose. The National Law Review is not a law firm nor is www.NatLawReview.com intended to be a referral service for attorneys and/or other professionals. Friday Development: New Sanctions and Export Controls to Address Weekly IRS Roundup February 20 February 24, 2023, Everything to Know About Unbundled Legal Services. The rare show of support from the Biden administration, which has largely remained silent on cannabis issues and even dismissed staffers over their previous marijuana use, could give the banking bill a timely boost. Accept SB294 - TO CREATE THE LEARNS ACT; TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS CODE AS THEY RELATE TO EARLY CHILDHOOD THROUGH GRADE TWELVE EDUCATION IN THE STATE OF ARKANSAS; AND TO DECLARE AN EMERGENCY. Midterm elections over, Democrats have found enough Republicans ready to join them in basic... May yet take some action to give clemency to people convicted of low-level marijuana-related.! Under the current version of the Treasury Departments established prevailing sales price voting against the bill, its! Start at 5 % but increase to 8 % of the war on,..., NW SUITE 900 washington DC 20006 | 202-628-8500 TEL | 202-628-8503 FAX SAFE Banking Act (.., Brian Mast, Tom McClintock, and after that it could head to the on! 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