Bill > HR2934

This bill aims to create a comprehensive federal framework for marijuana regulation that respects state and tribal autonomy while establishing federal oversight. The legislation would effectively remove marijuana from the Controlled Substances Act's scheduling system for states and federally recognized tribes that have legalized its manufacture, production, and distribution. Key provisions include allowing interstate transportation of marijuana between states that have legalized it, protecting businesses and individuals from federal prosecution in compliant jurisdictions, and requiring the Food and Drug Administration (FDA) to develop regulatory standards for marijuana products. The bill acknowledges the current challenges in the marijuana market, including the significant size of the illicit market (estimated at 75% of total market) and high taxation that drives consumers to illegal sources. It mandates the creation of a federal excise tax to support legal market development, fund regulatory functions, and avoid excessive taxation. The legislation also requires the Comptroller General to study the effects of marijuana legalization on traffic safety and supports tribal self-determination in marijuana regulation. Additionally, the bill provides legal protections for businesses and individuals operating within the new regulatory framework, ensuring that compliant marijuana-related activities cannot be the basis for criminal prosecution, property forfeiture, or tax penalties.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2934/all-info