of marijuana use disproportionately harms young people and people of color, sponsors massive levels of violence and corruption, and fails to curb youth access. It could generate excise tax revenue for the federal government, helping to reduce the federal budget deficit in some small way, and it'd likely add hundreds of thousands of jobs over the next decade. It would also be a boon for a handful.S. See where medical marijuana is legal. Senate Majority Leader Mitch McConnell (R-Kentucky) has also (reportedly) suggested that he would allow cannabis legislation to come to vote, according to cannabis reform organization norml. The bill is co-sponsored by Senators Tim Kaine (D-Virginia Tammy Duckworth (D-Illinois) and Bernie Sanders (I-Vermont which should come as no surprise considering Sanders was very open about his support of legalizing marijuana during the 2016 presidential campaign. Since then Headset Inc, found that the average recreational consumer spends 647 annually on marijuana.

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We believe that it is time to stop the ineffective, racially biased, and unjust enforcement of marijuana prohibition and to create a new, well-regulated, and inclusive marijuana industry that is rooted in racial and economic justice. Schumers bill comes on the heels of a similar bill introduced by senators Gardner (R-Colorado) and Warren (D-Massachusets) last month. This will increase tax revenue, generate commerce and support the agricultural economy. Cannabis/ Hemp theoritical Views in The Movie The Matrix could be the biggest cash crop since cotton. The bill allows any state that has legalized (or plans on legalizing) cannabis to do so without any risk of federal prosecution. Create jobs, legalizing and regulating marijuana will bring one of the nation's largest cash crops under the rule of law. Both the Republican and Democrat parties have recognized the value of cannabis, at least medically, however there is bigger picture.

The Motley Fool has a disclosure policy. Without this memo in place, state prosecutors are now able to use their discretion in bringing marijuana charges against businesses and/or individuals. However, it would still be a federal crime to smuggle marijuana from legal states to states where the drug is still prohibited.