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420 with CNW — Congressional Subcommittee to Hold Marijuana Hearing Soon After Midterms

Drug, racial and social-justice activists will be happy to know that House lawmakers will be discussing marijuana reform once the midterm elections draw to a close. Although the Biden administration was quick to act on its green-energy and electrification promises, there were plenty of valid complaints regarding the administration’s lack of action regarding cannabis reform.

President Joseph Biden recently made waves across the country when he announced that his administration was taking steps to begin pardoning all Americans who had simple cannabis possession offenses on their records.

With the midterm elections drawing to a close as final seat winners are announced, the House Oversight Civil Rights and Civil Liberties Subcommittee has indicated that it will hold a hearing this week to discuss state and federal bipartisan cannabis reform. The subcommittee posted a notice announcing the upcoming hearing las week, calling the Nov. 15, 2022, hearing “Developments in State Cannabis Laws and Bipartisan Cannabis Reforms at the Federal Level.”

With voters across the country deciding whether or not to approve marijuana legalization measures, this announcement shows that lawmakers are cognizant of the changes to cannabis policies and are willing to discuss the possibility of passing cannabis legislation.

The announcement may not have specified which cannabis policies the lawmakers will be discussing, but ranking GOP member Rep. Nancy Mace has said in the past that leadership had promised to consider her states reform act. The bill, which has been touted as a reasonable compromise between what the left and right want, would eliminate federal cannabis prohibition while ensuring that existing cannabis businesses aren’t significantly affected by the evolving federal cannabis rules.

Another legislation that could be under consideration in the hearing is the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act. The bill was introduced by Judiciary Committee Chairman Jerrod Nadler. House members voted to pass the MORE Act for the second time this April, with House Majority Leader Steny Hoyer calling it an important piece of legislation. Oversight subcommittee chair Rep. Jamie Raskin also filed an amendment to the MORE Act that would make it so that cannabis consumption cannot be used as a reason to deny or revoke security clearance, but the amendment failed to pass.

The MORE Act would put an end to federal cannabis prohibition and take steps to promote social equity in the nascent marijuana industry.

Given that two (Missouri and Maryland) of the five states that had marijuana on the ballot passed those measures in the midterm election, the subcommittee discussions may be more animated riding on those poll results. Entities such as Advanced Container Technologies Inc. (OTC: ACTX) will probably be closely following those proceedings to gauge what they posit for the future.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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