New Mexico Democrat, Republican each have bills for legal
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Purveyors of legal cannabis are carefully applauding a Democrat-backed Senate bill to end the federal prohibition of pot, saying their services have been stymied by banking guidelines that require them to handle cash and make them a target for thieves. For the first time in history, some Senate Democrats introduced a bill to decriminalize marijuana at the federal level and remove cannabis from the federal list of illegal drugs-- laws that resulted in more than 1.
Federal laws have likewise produced a legal gray location for businesses running in states where marijuana is legal. The Cannabis Administration and Chance Act is backed by Senate Majority Leader Chuck Schumer, D-N.Y., who called the legislation "significant."A customer holds up cannabis he bought from a marijuana dispensary in San Francisco, Feb.
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However some marijuana industry experts told ABC News that while the draft legislation includes many things that would significantly benefit dispensaries and growers-- like permitting them to get bank funding, accept credit cards and go public on the New York Stock Exchange-- they would rather see the federal government leave the issue in the hands of states." Also Found Here hope I'm dead incorrect, however the cynic in me states why would a Democratically-controlled Congress want to put a legalization bill in front of a president from their celebration who has already said he doesn't wish to sign a legalization expense?" Kyle Kazan, the CEO of American marijuana production and distribution company Glass House Brands Inc., told ABC News.
In spite of Schumer's support for the bill, President Joe Biden still opposes federal legalization of marijuana, White House press secretary Jen Psaki said on Wednesday and the measure would need numerous Republicans to support it to pass. A worker at the Alternative Herbal Health Solutions marijuana dispensary weighs medicinal cannabis in San Francisco, Calif., July 13, 2006.
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Cory Booker, D-New Jersey, would aim to expunge criminal records of many nonviolent marijuana offenses and create banking systems to help marijuana companies, particularly hundreds of small and minority-owned companies wanting in on the so-called cannabis green rush. Headset, a service provider of data and analytics to the cannabis market, forecast today that the U.S.
