Marijuana Decriminalization Bill Passes In The House

The House of Representatives has just passed a bill that would decriminalize marijuana nationwide in a 220-204 vote. The legislation now moves on to the Senate and would eliminate criminal charges for manufacturing, distributing, and possessing marijuana and cannabis products. John Iadarola, Francesca Fiorentini, and Adrienne Lawrence discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:
https://www.cnbc.com/2022/04/01/house-to-vote-on-bill-to-legalize-marijuana.html

"The House passed legislation Friday that would legalize marijuana nationwide, eliminating criminal penalties for anyone who manufactures, distributes or possesses the substance.

Lawmakers approved the measure in a 220-204 vote.

The legislation, dubbed the Marijuana Opportunity Reinvestment and Expungement Act, passed in the House last year, but did not move forward in the Senate. In addition to decriminalizing marijuana at the federal level, the bill would establish procedures for expunging previous convictions from people’s records and impose a tax on the sale of cannabis products.

The tax would begin at 5 percent and eventually increase to 8 percent. Funding raised through the tax would go toward a fund to provide job training, mentoring, substance-use treatment, legal aid, re-entry services and youth recreation programs. It would also provide loans to help small businesses in the cannabis industry that are “owned and controlled by socially and economically disadvantaged individuals,” a summary of the bill said.

“This landmark legislation is one of the most important criminal justice reform bills in recent history,” House Speaker Nancy Pelosi, D-Calif., said in remarks on the floor Thursday about the measure."

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