Senator introduces bill to legalize marijuana called S.420

Sen. Janice Bowling R-Tullahoma discusses her medical marijuana proposal during a press conference Wednesday announcing the details

Laws surrounding marijuana consumption and possession are downright ridiculous.

Ron Wyden, Oregon Democrat, in the form of a bill to federally legalize, tax and regulate pot sales.

S. 420 (yes, really), The Marijuana Revenue and Regulation Act, would remove marijuana from the federal schedule of controlled substances-it is now schedule one, meaning it is prohibited and considered to have no medical use.

"The federal prohibition of marijuana is wrong, plain and simple".

Over 60 percent of US voters support legalizing marijuana, according to polling conducted by Gallup and Quinnipiac University in 2017 and 2018, respectively.

"Too many lives have been wasted and too many economic opportunities have been missed", the senator tweeted Friday.

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It remains unclear if Wyden's bill would have a chance at clearing the Republican-controlled Senate.

Emails to Sens. Dianne Feinstein and Kamala Harris seeking comment on the legislation were not immediately responded to Friday. The chamber has set a hearing next week on a bill meant to make banking services more widely available for pot companies.

The measure is one of three bills included in a broader package called "The Path to Marijuana Reform", brought to the Senate and the House of Representatives by Wyden and Democratic Oregon Rep. Earl Blumenauer.

The proposal would remove federal criminal penalties for individuals and businesses acting in compliance with state marijuana laws.

Also known as the Marijuana Revenue and Regulation Act, the bill would "responsibly legalize, tax and regulate marijuana at the federal level". The Small Business Tax Equity Act would repeal provisions of the tax code that deny cannabis businesses the right to take the same tax deductions as companies in other industries.

Justin Strekal, political director of the pro-legalization group NORML, said in a statement that the proposal is another sign of the "growing public support for ending our failed war on cannabis consumers".

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