U.S. Rep. Nancy Mace unveiled the legislation Nov. 15 to allow state governments to regulate cannabis products through the health-and-safety oversights of their choosing.
During a Nov. 15 press conference, U.S. Rep. Nancy Mace, a Republican from South Carolina who took office at the beginning of the year, unveiled the States Reform Act (SRA), legislation that would allow state governments to regulate cannabis products through the health-and-safety oversights of their choosing.
The 131-page draft bill proposes a 3% federal cannabis excise tax, with a 10-year moratorium on excise tax increases to maintain a competitive marketplace.
The Alcohol and Tobacco Tax and Trade Bureau (TTB), which operates under the U.S. Department of the Treasury, would federally regulate the interstate commerce of cannabis products, while the Food and Drug Administration (FDA) would oversee medical cannabis.
The legislation also includes expungement provisions, but cartel members, agents of cartel gangs or those convicted of driving under the influence would be excluded from seeking expungement.
The Consumer Choice Center applauds Rep. Mace’s effort to provide Americans with a smart, safe and consumer-friendly path to legal cannabis. A focus on establishing legal and safe markets will benefit all of society by finally eliminating the black market, restoring justice and giving the incentive for creative entrepreneurs to enter the marketplace. It is past time America had smart cannabis policies.” – Yaël Ossowski, Deputy Director, Consumer Choice Center
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