During a Nov. 15 press conference, U.S. Rep. Nancy Mace, a Republican from South Carolina who took office at the beginning of the year, unveiled the States Reform Act (SRA), legislation that would allow state governments to regulate cannabis products through the health-and-safety oversights of their choosing.
The 131-page draft bill proposes a 3% federal cannabis excise tax, with a 10-year moratorium on excise tax increases to maintain a competitive marketplace.
The Alcohol and Tobacco Tax and Trade Bureau (TTB), which operates under the U.S. Department of the Treasury, would federally regulate the interstate commerce of cannabis products, while the Food and Drug Administration (FDA) would oversee medical cannabis.
The legislation also includes expungement provisions, but cartel members, agents of cartel gangs or those convicted of driving under the influence would be excluded from seeking expungement.
Here, Cannabis Business Times and Cannabis Dispensary have rounded up comments from various cannabis industry stakeholders and policymakers regarding the SRA.“The States Reform Act should remove disqualifying offenses based on cannabis consumption, manufacturing and sales. It should instead exclude applicants who have engaged in corporate crimes or fraud. Those are far more relevant reasons to disqualify someone from the cannabis industry.” – Shaleen Title, Founder, Parabola Center“Over two-thirds of Americans support federal cannabis legalization, and we are thrilled to see the comprehensive legislation that was introduced today by emerging leader, Republican Rep. Nancy Mace. As Americans seek to engage in the bipartisan effort to undo the unfair and misguided cannabis policies that have harmed disadvantaged communities, this legislation will give supporters from the Republican side of the aisle a comprehensive reform effort to champion.From South Carolina and beyond, the benefits of legalization, such as economic and job opportunities, are benefits that cross the aisle. Canopy Growth looks forward to working closely with Rep. Mace and her colleagues in support of this important measure.” – David Culver, Vice President of Global Government Relations, Canopy Growth“The States Reform Act would create a competitive and diverse American cannabis industry. … This proposed legislation is comprehensive, deliberate, purposeful and intentional in its drafting and its function.” – Rezwan Khan, President, Global Alliance for Cannabis Commerce and DNA Genetics“I know that this bill goes far in the right direction. It recognizes the need for expungement, it releases those who are being kept in federal custody for their cannabis convictions and it opens the door for tremendous opportunity for all.” – Steve Hawkins, President & CEO, U.S. Cannabis Council“We believe it is time for the federal government to get out of the way. Our failed one-size-fits-all approach to cannabis is not working, and so we need states to be able to do what is best for their citizens. Arbitrary and enforcement of federal law is not a permanent solution, and so we need a permanent solution to this policy issue.” – Jeremiah Mosteller, Senior Policy Analyst, Americans for Prosperity“It takes a lot of bravery to say you want to use this plant; it takes a lot