Two Republican members of the House of Representatives introduced a bill on Thursday that would effectively enact federal marijuana decriminalization. The measure, the Common Sense Cannabis Reform for Veterans, Small Businesses, and Medical Professionals Act, was filed by Congressional Cannabis Caucus co-chairs Rep. Don Young of Alaska and Ohio’s Rep. Dave Joyce.
If passed by the Congress and signed into law by President Joe Biden, the bill for federal marijuana decriminalization would remove cannabis from the federal Controlled Substances Act. The measure would also require the U.S. Food and Drug Administration and the Alcohol and Tobacco Tax and Trade Bureau to issue rules for the regulation of cannabis modeled after those for the alcohol industry within one year of enactment. The goal of the legislation is to reform the nation’s archaic cannabis policy, which Young characterized as “ineffective.”
“For too long, the federal government’s outdated cannabis policies have stood in the way of both individual liberty and a state’s 10th Amendment rights,” he said in a statement. “It is long past time that these archaic laws are updated for the 21st Century.”
The bill would also provide federal preemptive protection to financial institutions and other businesses in states that have not legalized marijuana