Senators Introduce Amendments For Medical Cannabis & Home Loan Benefits For Military Veterans

Recently, Senators filed another pair of marijuana amendments to a large-scale defense bill, the National Defense Authorization Act (NDAA).

Cannabis-related amendments, proposed for the Senate version of the NDAA include legalizing medical cannabis for military veterans and pressuring

  • the VA to provide federal home loan benefits to veterans in the cannabis industry.

Sen. Brian Schatz (D-HI) was he introduced an amendment that mirrors the language of a standalone bill, the Veterans Medical Marijuana Safe Harbor Act “that he’s sponsoring,” reported Marijuana Moment.

What If These Measures Come Into Law?

One of the measures would allow veterans to legally possess and use marijuana under federal law, as recommended by doctors in accordance with state law. VA doctors would also be allowed to issue such recommendations for the first time.

Additionally, it would require the VA to study marijuana's therapeutic potential for pain and reducing opioid misuse. The text said that Congress must provide as many funds as "necessary to carry out" the investigation.

In addition, Sens. Jacky Rosen (D-NV) and Cynthia Lummis (R-WY) separately filed an amendment to NDAA that simply expresses “the sense of Congress” that veterans “should not be denied access to Department of Veterans Affairs home loans on the basis of income derived from State-legalized cannabis activities.”

However, “many veterans continue to be denied access to home loans on the basis of income derived from State-legalized cannabis activities,” the amendment stated.

Related to the above, the senators said the VA “should improve communication with eligible lending institutions to reduce confusion among lenders and borrowers on this matter.”

Measures Recently Filed

Last week, Sen. Ron Wyden (D-OR) filed measures that would prevent the denial of federal security clearances for people over cannabis use at any time, while the other would limit the protection only to people who admit to past use prior to entering national security vetting.

According to one of the senator's amendments, the "use of cannabis by an individual shall not be determinative to adjudications of the individual's eligibility for access to classified information or eligibility to hold a sensitive position."

The other one, which Wyden is sponsoring with Sen. Kirsten Gillibrand (D-NY), focuses on past cannabis use.

Photo: Kindel Media and Paula Nardini by Pexels

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisGovernmentNewsRegulationsPoliticsMarketsGeneralNDAASen. Brian SchatzVA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...