The MORE Act Won't Pass Congress, But Cannabis Insiders Say That's OK — For Now

The MORE Act Won't Pass Congress, But Cannabis Insiders Say That's OK — For Now

Cannabis reform efforts recently took a substantial step forward when the U.S. House of Representatives announced plans to vote on the Marijuana Opportunity Reinvestment and Expungement (MORE) Act during this September's legislative work period.

The vote, while unlikely to pass through Congress this year, is being hailed as a step forward for U.S. cannabis reform.

So far, much attention has fallen on the Secure And Fair Enforcement (SAFE) Banking Act and its recent inclusion in the Democrat's proposed fourth round of COVID-19 stimulus bill. The bill aims to ease banking restrictions in the space.

The MORE Act, meanwhile, would see cannabis removed from the controlled substances' schedule while improving banking and business prospects. In doing so, businesses would benefit, as would specific individuals affected by the drug war.

Morgan Fox, Media Relations Director for the National Cannabis Industry Association (NCIA), explained how the Act benefits some but not all.

"The MORE Act only directly applies to individuals with federal convictions, and unfortunately, the vast majority of cannabis arrests are for state and local violations," said Fox. "However, it sets an excellent example for states to follow and could lead to federal funding for state expungement programs."

Josh Horn, a partner at Fox Rothschild and co-chair of the firm's cannabis practice, expanded on the significance if it were to pass the House.

"Assuming it passes in the House, the MORE Act will further reflect that the tide in this country is really turning away from the arcane view of cannabis to a new economic driver in this country," Horn said. "Rome was not built in a day, and neither will true cannabis reform on the federal level."

Eric Berlin, a partner and legal expert at Dentons, said that if the bill were to pass, it would "open the floodgates" for the market. Berlin noted other legislation and action would need to occur.

Berlin elaborated, saying the MORE Act could "Open up the capital market and likely enable cannabis companies, including plant-touching, to get publicly listed on the New York Stock Exchange or Nasdaq."

Can the MORE Act Pass?
The short answer is highly doubtful.

Most experts believe that while a House passage is possible, the MORE Act is almost certain to be stopped in the conservative-held Senate where Majority Leader Mitch McConnell has repeatedly shot down and derided cannabis reform efforts.

Even if the Senate were to show their support, those like the NCIA's Fox believe McConnell would put the movement on ice.

"Whether it would pass the Senate right now is irrelevant because McConnell will almost certainly not call it for a vote in the current session," Fox said.

When asked if the MORE Act could pass the Senate Majority Leader, Denton's Berlin replied, "Not a chance."

Fox Rothschild's Horn shared a similar stance, elaborating on the party divide.

"[The MORE Act] will likely pass the House on partisan lines because the Democratic party has promoted criminal and cannabis reform. It will not likely garner any traction in the Senate, also for partisan reasons that the majority of Republican Senators are against cannabis reform," he said.

Success in Failure
Despite a gloomy prospect in Senate, many in the cannabis space champion the MORE Act's historic point it'll likely reach later this month.

For Berlin, the bill's movement represents a positive impact on the government and voters.

"It continues to inform the public and Congress," he said. "This is all part of advancing the ball so that an act along those lines would get passed in 2021, 2022 or if it needs to be later."

Related links:
House Committee Holds Hearing On 'Cannabis Policies for the New Decade'
Opinion: Why The MORE Act (Which Would Legalize Marijuana Federally) Is Doomed

Posted In: cannabis industrycannabis salesCongressDentonsFox RothschildmarijuanaNational Cannabis Industry AssociationCannabisGovernmentNewsRegulationsPoliticsMarketsInterviewGeneral

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11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

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