Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB2650

Introduced
7/27/23  

Caption

PREPARE Act of 2023 Preparing Regulators Effectively for a Post-prohibition Adult-use Regulated Environment Act of 2023

Impact

The commission will address critical issues such as the absence of standardized regulations for cannabis products, limitations on cannabis research, and obstacles preventing cannabis entrepreneurs from accessing essential financial resources. One notable aspect of this bill is the emphasis on gathering feedback from a diverse range of stakeholders, including industry representatives, healthcare experts, and advocacy groups. This participatory approach is intended to shape advice on how to best regulate cannabis while considering varying community impacts.

Summary

SB2650, known as the Preparing Regulators Effectively for a Post-prohibition Adult-use Regulated Environment Act of 2023, establishes a commission tasked with creating a regulatory framework for cannabis following federal prohibition. The intention behind the bill is to explore avenues for the federal regulation of cannabis by reviewing existing policies at both the state and federal levels. The bill acknowledges historical issues surrounding cannabis criminalization, particularly its impact on minority communities and the lack of access to financial services for cannabis-related businesses.

Contention

Key points of contention may arise from the differing views on cannabis regulation. Supporters argue that this framework is necessary to dismantle outdated prohibitions and promote safe, regulated access to cannabis products. Critics might express concerns about compromising state laws established around cannabis and the potential oversights in regulating a newly legalized market. The commission's findings and recommendations could either affirm existing state frameworks or suggest significant changes, leading to varying degrees of acceptance among different political and community stakeholders.

Companion Bills

US HB2598

Related Preparing Regulators Effectively for a Post-prohibition Adult-use Regulated Environment Act of 2023 PREPARE Act of 2023

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