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Aaron Smith, co-founder and CEO of the National Cannabis Industry Association, said: “Removing cannabis from the Controlled Substances Act (CSA) is absolutely necessary, and the MORE Act would be a big step in the right direction for restorative justice and making sure that small businesses and members of marginalized communities who have been disproportionately harmed by prohibition can benefit from the opportunities created by regulated cannabis markets.” (Credit: Engdao/Adobe Stock) Aaron Smith, co-founder and CEO of the National Cannabis Industry Association, said: “Removing cannabis from the Controlled Substances Act (CSA) is absolutely necessary, and the MORE Act would be a big step in the right direction for restorative justice and making sure that small businesses and members of marginalized communities who have been disproportionately harmed by prohibition can benefit from the opportunities created by regulated cannabis markets.” (Credit: Engdao/Adobe Stock)

The House Judiciary Committee has approved the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, bringing the potential for the bill to be reintroduced in the U.S. House of Representatives and raising the potential end of federal cannabis prohibition.

If passed by Congress, the law would deschedule cannabis, see to the reinvestment in “persons” adversely impacted by the War on Drugs and expunge certain nonviolent criminal offenses. It would also aim to open up financial services for legitimate cannabis businesses as well as prohibit the denial of public benefits to a person based on certain cannabis-related conduct or convictions.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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