HR 3884

The federal marijuana legalization bill passed in a historic vote last week by the U.S. House of Representatives would generate about $13.7 billion in net revenue for the U.S. treasury over the next decade, according to a new report by the Congressional Budget Office (CBO). It would also cut federal prison spending by nearly $1 billion.

Members of the House Rules Committee have advanced the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, HR 3884, which removes marijuana from the federal Controlled Substances Act — thereby eliminating the existing conflict between state and federal marijuana laws. The legislation is expected to be considered on the floor of the House of Representatives later this week.

This week, we will very likely have the first vote to outright end federal marijuana prohibition. The House Judiciary Committee has posted a markup for HR 3884, the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act on Wednesday, November 20th and they will likely hold a vote on the same day.