Bill > HR2598

This bill, the Preparing Regulators Effectively for a Post-prohibition Adult-use Regulated Environment (PREPARE) Act of 2023, aims to establish a Commission on the Federal Regulation of Cannabis to study and propose a prompt and plausible pathway to the federal regulation of cannabis. The Commission would be tasked with addressing various issues related to cannabis, such as the impact of criminalization on minority and other communities, lack of access to financial services and research, and the need for consistent regulations and revenue frameworks. The bill outlines the Commission's composition, duties, and procedures, including holding public hearings and publishing initial and final recommendations within a one-year timeframe. The goal is to prepare the federal government for the inevitable end of cannabis prohibition and develop a regulatory framework similar to the regulation of alcohol.