Democratic Sen. Ron Wyden of OR introduced the appropriately-named bill S. 420 on Thursday, that would legalize and regulate marijuana on a federal level. According to The Verge, the new bill, hilariously called S.420, would give the DEA sixty days to remove marijuana from its list of controlled substances. Laws surrounding marijuana consumption and possession are downright ridiculous.
While the bills introduced may not become law, Wyden is confident that marijuana will become legal soon.
Over 60 percent of US voters support legalizing marijuana, according to polling conducted by Gallup and Quinnipiac University in 2017 and 2018, respectively.
"The federal prohibition of marijuana is wrong, plain and simple", Wyden said statement.
Emails to Sens. Dianne Feinstein and Kamala Harris seeking comment on the legislation were not immediately responded to Friday.
"Too many lives have been wasted and too many economic opportunities have been missed", the senator tweeted Friday. The chamber has set a hearing next week on a bill meant to make banking services more widely available for pot companies.
The proposed bill is part of a series of bills introduced in the Senate to aid the legislation of legal marijuana federally, dubbed by Wyden and Blumenauer as the Path to Marijuana Reform.
"It's tough to see how things will shake out, but there is a very serious chance cannabis policy reform will move in the Senate", said Morgan Fox of the National Cannabis Industry Association.
It would further gut Drug Enforcement Agency power over marijuana, by removing federal criminal penalties and asset forfeiture rules associated with marijuana offenses.
Most Americans live in states where pot can be legally purchased for medical or recreational use, and the move to loosen federal restrictions on marijuana came as the issue has played into the emerging 2020 presidential campaign. The other, S. 422, would allow cannabis businesses to pay regular business taxes to keep them "from getting hit with an unfair tax bill". The bill also suggests an excise tax be added to marijuana merchants, similar to the way tobacco and alcohol are sold.