Tonight Congress made history by sending the first cannabis focused bill to Joe Biden’s desk.
Just weeks after President Joe Biden issued a mass marijuana pardon and directed a review of the drug’s scheduling status, the U.S. Senate approved House-passed bipartisan cannabis research bill on Wednesday. It marks the first time a standalone piece of marijuana reform legislation has ever been sent to the president’s desk.
The bill “would eliminate the red tape that hinders cannabis research, opening the door for new innovative treatments derived from cannabis,” Schumer said ahead of the vote. “If you’re one of the millions of Americans who deals with conditions like Parkinson’s or epilepsy or post-traumatic stress, or any number of other conditions, cannabis might hold promising new options for managing these diseases.”
Just before the vote, Senate Majority Leader Chuck Schumer (D-NY) said on the floor that he is continuing to have “productive talks” about a broader package of cannabis reforms he hopes to pass before the end of the lame duck session.
I’m long $MSOS and tier 1 cannabis MSOs
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