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New marijuana decriminalization effort weighed in U.S. House -report -Breaking

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© Reuters. FILE PHOTO: Cannabis product boxes are displayed at The Cannabis World Congress & Business Exposition (CWCBExpo) trade show in New York City, New York, U.S., May 30, 2019. REUTERS/Mike Segar/File Photo

WASHINGTON (Reuters). – According to media reports, Nancy Mace is currently working on legislation that would make marijuana legal and tax cannabis sales. She hopes to bring it before the U.S. House of Representatives this month.

Marijuana Moment said that the bill was a compromise. It would not go as far as some of Congress’s more extensive bills.

Mace’s aides were unavailable for comment immediately. Reuters did not confirm whether Mace is working on a bill or if she is near to introducing one.

The recreational use of cannabis has been legalized in 18 U.S. States (most recently Connecticut) and in the District of Columbia. The legalization of marijuana for medicinal use has been granted in 36 states as well as the District of Columbia, although it is still illegal under federal law.

Marijuana Moment reported on Friday that the draft legislation for “States Reform Act”, was currently being circulated. A final version is expected to be available within weeks.

After reports that legislation was being written, cannabis stocks rose Monday.

Mace is the first-term House Member. Marijuana Moment claims that Mace’s bill would allow interstate regulation for marijuana to be done under the Alcohol and Tobacco Tax and Trade Bureau. It is part of Treasury Department. According to the report, also the U.S. Food and Drug Administration will have a restricted role in regulating products.

The legalization of recreational cannabis would apply only to individuals 21 years old and over. Advertising restrictions would also be in place, much as with alcohol federal control.

This session is ending with very few weeks of legislative work. And it’s unclear what lawmakers can accomplish when the midterm elections in 2022 get underway early next year.

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