Passing the MORE Act should fund loan programs for small businesses owned and controlled by socially and economically disadvantaged individuals and increase industry equity.
As Marijuana Business Daily reports, the U.S. House of Representatives voted 228-164 to legalize marijuana by approving the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, which could open opportunities to billions of dollars in additional business opportunities and interstate commerce.
The MORE Act would not create federal licensing or federal regulatory framework–permitting states to continue to set their own cannabis policy–but would decriminalize and deschedule cannabis, allowing state-legal businesses to gain access to business-tax deductibility and to legal processes and banking options.
