Sunday, June 21, 2015 3:23:10 PM
Congress Just Passed an Important Marijuana Provision http://www.fool.com/investing/general/2015/06/20/in-case-you-missed-it-congress-just-passed-an-impo.aspx
On Thursday, June 11, the Senate Appropriations Committee approved a provision (by a vote of 22-8) designed to protect medical marijuana businesses from federal interference, including from the Drug Enforcement Agency, in states where the drug is currently legal.
Right now, 23 states have legalized the use of marijuana for medical purposes, while four states (and Washington, D.C.) have legalized the medical and recreational use of the drug. As noted by The Huffington Post, the Senate committee passed the measure as an amendment to the Commerce, Justice, and Science appropriations bill for fiscal 2016. Though every medical marijuana-legal state has a list of approved indications, terminal cancers, advanced kidney diseases, and glaucoma tend to be among the more common ailments that lead to a patient being allowed access to medical marijuana.
The vote by the Senate Appropriations Committee followed a vote from the House of Representatives on Wednesday, June 3, which introduced and passed an identical provision by a vote of 242 to 186.
If this legislation does successfully get signed into law -- which is no cakewalk with President Obama and the Republican-led Congress constantly bickering over spending bills -- it would ensure the same protections afforded to legal marijuana operations that was signed into law in 2015. If this legislation isn't passed, a gray area could develop between the reach of the DEA and individual state laws that could hinder licensed marijuana businesses and cause patients eligible for medical marijuana problems in obtaining the drug.
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