S.420 Bill to Federally Legalize Marijuana Introduced to Senate

5 months ago

Some weeks ago we mentioned that Rep. Blumenauer had introduced HR420 to the House, his second attempt at legalizing marijuana federally. The bill aims to regulate marijuana the same way as alcohol.

Oregon democrat Blumenauer, who is founder and co-chair of the Congressional Cannabis Caucus has been a staunch advocate of legalizing and regulating the industry. His home state Oregon is one of the leading and trailblazing states in the USA.

Little more than a month after introduction of his HR420 bill, also known as the “Regulate Marijuana Like Alcohol” bill, it seems H.R. 420 is getting legs as fellow Oregon Democrat Sen. Ron Wyden has introduced the “Marijuana Revenue and Regulation Act”, designated S.420, to the Senate last Friday. The bill has similar focus and goals as Blumenauer’s H.R 420: legalize marijuana federally.

Just like us Wyden sees merely positives in legalization and think that the time is now.

“The federal prohibition of marijuana is wrong, plain and simple. Too many lives have been wasted, and too many economic opportunities have been missed. It’s time Congress make the changes Oregonians and Americans across the country are demanding.”
Sen. Ron Wyden (D-Ore)

S.420 is part of a larger package of bills, the Path to Marijuana Reform introduced by both Blumenauer and Wyden. The combined set of bills aims at “levelling the field” with other sectors by allowing bank access to legal businesses, bankruptcy protection, and even advertising, as well as decriminalization of for individuals and businesses.

Senator Ron Wyden
Sen. Ron Wyden - photo via Sen.gov profile

We often write about sensible marijuana laws in these columns but it truly seems that the zeitgeist and momentum are with us. 2019 and 2020 could become big years for the cannabis sector as campaigning pro and debating possible legalization will be a high topic in the next months and across many upcoming elections around the world.

Meanwhile in the USA both houses now have multiple bills pending aiming to fully federally #legalize marijuana and the sector. #progress



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Just a matter of time. I think that many in the US Government and Cannabis growers are tired of seeing Billions upon Billions of US investment dollars flowing out of the USA and into Canada. But Canadian companies are overflowing with American capital. Billions and Billions and Billions flowing northward ....

@alibi - these are original pieces you write for Smoke because you're awesome, correct?

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Not sure whether I’m awesome or not but thanks. Yes, this is all written originally for Smoke and sourced from multiple news outlets.

Good news, once the United States legalizes weed federally the rest about world cannabis criminalization would be history in no time.

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Passing the Senate will probably be more difficult than getting Trump’s signature.

While he himself is against, all it takes is one of his swamp to remind him of the jobs and taxes. And most likely merely to state they will make a mint from it.

The influence of the Koch Brothers on the republican Senate could be a bigger issue.

Wow. I cannot believe this.