House Reintroduces MORE Act to Create Social Equity Programs Around Cannabis

The bill didn’t gain much steam in the Senate last year, but a second Senate bill is expected later this year with the support of Senate Majority Leader Chuck Schumer and Senators Cory Booker and Ron Wyden. The new draft of the bill is stronger than its predecessor, and removed language that would have denied federal permit to applicants with felony cannabis convictions. It would also add a 5% tax on retail cannabis sales that would raise to 8% over three years. The money would go to the Opportunity Trust Fund, which pays for job training, re-entry services, legal aid and health education programs for affected communities.