Allied Corp Secures US Footprint in Preparation for US Federal Legalization of Cannabis With Signing of Land Lease, Purchase of US License and Master Service Agreement - Seite 4

The Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act of 2020 (H.R. 3884) was passed in the US House December 2020 (SOURCE: https://www.congress.gov/bill/116th-congress/house-bill/3884)
The MORE Act proposes the removal of marijuana from the list of scheduled substances under the Controlled Substances Act. Further, it proposes eliminating criminal penalties for people who manufacture, distribute or possess marijuana. The MORE Act, notably, also provides for social justice measures to ameliorate the harm done to communities from past drug enforcement related to marijuana. In particular, the MORE Act directs the establishment and funding of a grant program, the “Community Reinvestment Grant Program,” to provide eligible entities with funds to administer services for individuals adversely impacted by the War on Drugs, including job training, legal aid, reentry services, and health education programs. The MORE Act passed in the House in December 2020.

The Strengthening the Tenth Amendment Through Entrusting States (STATES Act) (SOURCE: https://www.congress.gov/bill/116th-congress/house-bill/2093/all-info)
In addition to the SAFE and MORE acts, the STATES Act (H.R. 2093), which was proposed on June 7, 2018, is another notable piece of legislation that may come to fruition. The STATES Act proposes, among other things, amending the Controlled Substances Act to exclude persons in compliance with state laws related to marijuana, thereby allowing states to have more power to determine its own legal approach to marijuana regulation.

H.R. 365 and H.R. 430
Furthermore, there have also already been other new pieces of cannabis-related legislation introduced in 2021. For example, H.R. 365, which would reschedule marijuana into schedule III of the Controlled Substances Act rather than schedule I, which is a highly restricted classification based on the belief that marijuana has no medical use and a high potential for abuse. H.R. 430 would prevent denial of veteran benefits by veterans who obtain medical marijuana under approved marijuana programs.

The eventual US legalization will open up enormous business opportunities for legal marijuana nationwide, and further afield.

About Allied Corp. - https://allied.health/

Allied Corp. is an international heath and technology company with a mission to address today’s medical issues by researching, creating and producing targeted health solutions. Allied Corp. uses an evidence-informed scientific approach to make this mission possible, through cutting-edge pharmaceutical research and development, innovative plant- and mushroom-based production and unique development of therapeutic products.