Home > Boards > US OTC > Cannabis > Khiron Life Sciences Corp (KHRNF)
Followed By 2
Posts 530
Boards Moderated 0
Alias Born 10/08/2003

Tuesday, November 16, 2021 2:46:51 PM

Re: None

Post# of 2376
South Carolina Republican introduces bill to decriminalize marijuana at federal level

Rep. Nancy Mace, a first-term Republican from South Carolina, introduced a bill Monday to decriminalize cannabis at the federal level, which she hopes will garner more GOP support for the legalization movement.

"This legislation, I believe, has something good for everyone, whether you're a Democrat or a Republican," Mace told reporters outside the Capitol, where she introduced her States Reform Act.

Even though it is legal in 18 states, with medical use permissible in 37 states, marijuana is illegal under federal law.

Mace's bill would strip cannabis of its classification as a Schedule I drug under the Controlled Substances Act, which makes possession of marijuana a crime. Her office said the legislation aims to end criminalization "in a manner consistent with the rights of states to determine what level of cannabis reform or legalization each state wants to regulate, or not."

The measure also would allow for expungement of federal convictions in nonviolent cases and provide a framework for federal regulation and enforcement in states that allow the sale of marijuana.

Sales would be prohibited to people under 21, Mace said, adding that the bill would establish cannabis regulations similar to restrictions on alcohol.

The legislation further calls for a 3 percent federal excise tax on marijuana, lower than the level in a Democratic bill that is making its way through the House.

"I kept it very low," Mace said, pointing to high taxes on marijuana in California, which she said have stoked black market sales. "It's got to be under 4 percent to reduce the opportunity for illicit markets."


A Gallup poll released this month found that 68 percent of Americans support legalizing marijuana, with backing from 83 percent of Democrats and 50 percent of Republicans.

Mace said her bill already has five Republican co-sponsors.

"My main goal is to get as much Republican support as I can initially, and we're hearing great feedback," she said.

But the chair of the South Carolina GOP, Drew McKissick, denounced Mace's effort.

"Unequivocally, the South Carolina Republican Party is against any effort to legalize, decriminalize the use of controlled substances, and that includes this bill. Since this will have widespread negative impacts, from rising crime, violence, and mental health issues in children, I think it's a safe bet to say most Republicans will be against it too," McKissick said in a statement.

The Democratic-controlled House passed a broader but similar bill late last year called the Marijuana Opportunity Reinvestment and Expungement Act. A total of 222 Democrats and five Republicans voted for the legislation, while six Democrats and 158 Republicans voted against it.

The bill died in the Senate, which at the time was controlled by Republicans. House Democrats are trying to pass the legislation.

Senate Majority Leader Chuck Schumer, D-N.Y., circulated a draft bill this year that would decriminalize marijuana, called the Cannabis Administration and Opportunity Act, but he acknowledged he doesn't have the votes to get it passed. The legislation would need 60 votes to pass in the Senate, and a number of Republican and moderate Democratic senators have argued against quick action, urging further studies on the drug before it is decriminalized
Recent KHRNF News

Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it intends to Release its Financials by August 19, 2022 NUVG Aug 11, 2022 11:11 AM

AXTG Partner with Save Planet Earth to digitize and plant 100 million trees with NFTs AXTG Aug 11, 2022 10:15 AM

PURA Announces New Development Expanding Cannabis Market Opportunity PURA Aug 11, 2022 9:34 AM

Pasithea Therapeutics Announces Results of Preclinical Study Demonstrating Tolerizing Vaccine Efficacy in Relapsing-Remitting Model of Multiple Sclerosis KTTA Aug 11, 2022 8:35 AM

SinglePoint Acquires Frontline Power Solutions, a Multi-State Licensed Energy Services Company SING Aug 11, 2022 8:30 AM

Pacific Booker Minerals Inc. Announces AGM Results and Project Update PBMLF Aug 11, 2022 7:30 AM

GALILEO ANNOUNCES THE START OF REVENUE GENERATION AND ITS EXPANSION PLAN. MDRM Aug 10, 2022 3:23 PM

ResGreen Powers Up - Introduces Wireless Battery Charging for its Fleet of Mobile Robots RGGI Aug 10, 2022 10:53 AM

Kona Gold Beverage, Inc Signs New Distribution Partners in California, Illinois, and Nevada KGKG Aug 10, 2022 9:00 AM

Investing in Quantum Computing: What Every Investor Needs to Know GOOGL Aug 10, 2022 8:45 AM

New Drugs in Pipeline for Hypertension, the Silent Global Pandemic BMY Aug 10, 2022 8:45 AM

Mill City Ventures III, Ltd. provides 2nd Quarter Fiscal 2022 Guidance Revenue Increased 83% year over year and 83% for 6-month period MCVT Aug 10, 2022 8:44 AM

Branded Legacy, Inc. Cancels Another 60 Million Common Shares BLEG Aug 10, 2022 8:30 AM

Defiance Discovers Blind Silver System At Lucita DEF Aug 9, 2022 10:31 AM

USMJ Announces New York Adult Use Cannabis License PURA Aug 9, 2022 10:21 AM

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y