Curaleaf Will Acquire Reef Dispensaries Owner for $286 Million – Cannabis Dispensary
As industry patience wanes for Sen. Chuck Schumer and company to formally file a Democratic-led bill to end federal cannabis prohibition, a new player in the reform discussion emerged with alternative legislation Monday afternoon.
South Carolina Republican Rep. Nancy Mace, a rookie U.S. House member who assumed office at the beginning of the year, unveiled the States Reform Act (SRA) during a during a press conference along with stakeholders, veterans and law enforcement members on Nov. 15 at the U.S. Capitol. The legislation is cosponsored by Reps. Ken Buck, R-Colo., Brian Mast, R-Fla., Tom McClintock, R-Calif., Peter Meijer, R-Mich., and Don Young, R-Alaska.
“The States Reform Act would create a competitive and diverse American cannabis industry,” said Rezwan Khan, president of the Global Alliance for Cannabis Commerce and DNA Genetics, during the Nov. 15 press conference. “This proposed legislation is comprehensive, deliberate, purposeful and intentional in its drafting and its function.”
“I know that this bill goes far in the right direction,” added Steven Hawkins, president and CEO of the U.S. Cannabis Council (USCC). “It recognizes the need for expungement, it releases those who are being kept in federal custody for their cannabis convictions and it opens the door for tremendous opportunity