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Will 2022 be the Year Federal Cannabis Prohibition Finally Ends?

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(AP Photo/Franka Bruns)

Seems crazy, but 18 states and Washington D.C. have legalized marijuana for adults over the age of 21 and medical marijuana is legal in 38 states and D.C., but pot is still illegal in the United States on the federal level.

Well, that may be about to change as the House of Representatives could vote this week to end the federal ban on cannabis.

The Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, could get a vote as early as Wednesday.

It would make legal cannabis businesses eligible for Small Business Administration loans and checking accounts.

The MORE Act would deschedule cannabis from the Controlled Substances Act and enact various criminal and social justice reforms related to cannabis, and would also require federal courts to expunge prior cannabis convictions.

The House previously passed the bill in 2020 but it was never taken up by the Senate.

The MORE Act removes language from the 2020 Act that would permit the denial, suspension, or revocation of cannabis business permits based on previous or current legal proceedings involving felony violations of federal or state criminal law related to cannabis or cannabis products.

Regulation of cannabis would then be left up to the individual states.