UNITED STATES CANNABIS ROUNDTABLE

BAN · Banking

USCR is advancing a legislative agenda that allows for (1) the rescheduling of cannabis from Schedule I to Schedule III on the Controlled Substances Act (2) states to set their own policies related to cannabis (2) allows for the safe banking and access to capital for the state-regulated cannabis industry (The CLIMB Act HR 7987) (3) Advances aspect of cannabis research (4) ends needless arrests and incarceration for cannabis conduct. Specific bills today include opposing HR 1447 the No Deductions for Marijuana Businesses Act, supporting the SAFE Banking Ac t(to be introduced in 119th Congress), and supporting the Veterans Equal Access Act. USCR supports other legislative initiatives that move towards ending federal cannabis prohibition including the States Act 2.0 and the Evidence Based Drug Policy Act

Literal federal measure citations: HR 7987, HR 1447

BUD · Budget/Appropriations

Advocating for language that prevents DOJ from expending allocated funds on state legal cannabis activity or using funds to hinder cannabis reclassification process. Supportive of appropriations language that would allow the VA to complete paperwork for state legal medical cannabis programs for VA Patients. Language that would 'close the farm bill loophole' as it relates to unregulated intoxicating hemp products.

TAX · Taxation/Internal Revenue Code

Opposing the No Deductions for Marijuana Businesses Act (HR 1447, S. 471) Supporting efforts to remove application of Internal Revenue code 280(e)

Literal federal measure citations: HR 1447, S. 471

CSP · Consumer Issues/Safety/Products

Educating on dangers of unregulated intoxicating hemp products, and supporting efforts to close farm bill loophole Opposing HR. 7024 The Hemp Planting Predictability Act

Literal federal measure citations: HR. 7024