Republican representatives from Florida have reintroduced legislation to reclassify marijuana under federal law. The bill would greatly help marijuana businesses suffering from federal tax burdens as well as potential researchers. Rep. Greg Steube, who begins his third term this month, reintroduced the "Marijuana 1 to 3 Act," which would move marijuana from Schedule 1 to Schedule 3 of the Controlled Substances Act, a move that would have a significant impact on marijuana researchers and legal marijuana businesses. Steube's measure comes nearly four months after President Joe Biden called on the U.S. Attorney General and the Secretary of Health and Human Services to begin the process of reviewing marijuana programs under federal law. If Steube's bill becomes law, the ban on cannabis companies, which are currently prohibited from reporting many of their normal business expenses on their federal tax returns, will be lifted. This is the third time in his three terms that Steube has tried to push such legislation. His previous efforts in 2019 and 2021 failed after the bill failed to get a hearing in Congress with the then-Democratic majority. A reliable congressional marijuana advocate, Steube is one of a growing number of House Republicans pushing for federal marijuana reform. He was also one of 100 Republicans who voted for the SAFE Banking Act.
Information source: new.qq.com/omn/author/8713560
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