X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The act would also allow legitimate cannabis businesses to access loans and services rendered by the Small Business Administration, as well as prohibit the denial of public benefits to a person based on certain cannabis-related conduct or convictions. (Credit: Dmytro Tyshchenko/Shutterstock) The act would also allow legitimate cannabis businesses to access loans and services rendered by the Small Business Administration, as well as prohibit the denial of public benefits to a person based on certain cannabis-related conduct or convictions. (Credit: Dmytro Tyshchenko/Shutterstock)

Coming on the heels of what cannabis advocates are calling a historic November election, with five more states passing some form of cannabis legalization, the U.S. House of Representatives has passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act that removes cannabis from the list of scheduled substances and eliminates criminal penalties for distribution, manufacturing and possession of marijuana.

The act would also allow legitimate cannabis businesses to access loans and services rendered by the Small Business Administration, as well as prohibit the denial of public benefits to a person based on certain cannabis-related conduct or convictions. Additionally, it prohibits denial of benefits and protections under immigration laws on the basis of cannabis-related conduct or convictions.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.