Senate Majority Leader Charles Schumer (D-N.Y.) on Thursday announced on the floor that he will use his clout to make legislation ending the federal prohibition on marijuana a top priority. Marijuana is currently listed as a Schedule 1 banned drug under the Controlled Substances Act, and an estimated 40,000 Americans are in jail because of […]
The legal marijuana industry is growing faster than almost any other business in the United States as more states approve marijuana for recreational and medicinal use. A new report from the industry analyst company Leafly and Whitney Economics shows the legal marijuana industry added 77,000 new jobs in 2020. Nationally, the industry supports about 321,000 […]
Illinois Gov. J.B. Pritzker (D) said in an announcement hours before the start of the new year that his state had expunged nearly 500,000 marijuana-related convictions. The move follows Pritzker signing legislation in 2019 legalizing recreational marijuana use in the state starting in 2020. The expansive legislation also paved the way for 770,000 state residents […]
As the cannabis industry continues to take root state by state, Congress will consider whether to remove marijuana from the federal Controlled Substances Act once and for all. The House will vote Friday on the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, which would decriminalize cannabis and clear the way to erase nonviolent […]
In an effort to win broader voter backing ahead of the November presidential election, supporters of legalizing marijuana are presenting their case to the American people through an economic lens. Advocates argue new legal sales and excise taxes would help states weather economic fallout from the COVID-19 pandemic — a marked shift from previous messaging […]