Republican senators pressured to rethink their views on marijuana reform after continued help from voters, the Senate chairman says

Senate finance committee chair Ron Wyden (D-OR) told Yahoo Finance Live Tuesday that his Republican counterparts across the aisle are facing growing support from their own voters for marijuana reform laws.

“My Republican colleagues are trying to reconcile some of the views they have long held. That is,” Oh, we don’t think we can support this effort, “with the fact that their constituents are way ahead of them Wyden exclaimed, “Your voters are like, ‘Look, we’re voting for it. Come on, it’s time to change.'”

While the drive to legalize marijuana at the federal level has become a top priority for Democrats who control both Houses of Congress, Republicans are faced with the dilemma of how to balance their personal opposition to cannabis against the reality that many of their constituents hold now are calls for reform.

Failed federal guidelines on cannabis enforcement

With the federal cannabis ban in place, numerous states, from conservative to liberal, have successfully enacted some form of legalization of marijuana. This impressive display of bipartisan reform cooperation was particularly evident in the elections last November, in which typical red states such as Mississippi, Montana and South Dakota overwhelmingly voted in favor of the electoral initiatives for cannabis reforms.

The past election cycle has also passed control of the Senate to the Democrats with tight borders. Senator Wyden and the new Majority Leader Chuck Shumer and Senator Cory Booker (D-NJ) used this moment to not only talk to colleagues in their own party but also to colleagues across the aisle about the importance of developing marijuana further. To inform legislation. After meeting with reform leaders and stakeholders last week, they released a joint statement outlining their plan to pass new laws.

“We are trying to end the failed federal cannabis policy, and it begins with the ban,” said Wyden in a new interview. “We want to lift the ban and then have a reasonable regulatory control.”

As chairman of the Senate Finance Committee, Wyden reiterates that reform efforts will focus on “helping these small cannabis companies with their tax situation.” However, he also wants Congress to “finally recognize that the war on drugs has failed and erase the records of so many people who have been affected.”

When asked what he thought legalization would do economically, Wyden assessed the potential impact by saying, “I always think if you can legalize something like this, where millions and millions of Americans have already voted, it can be real Plus for business – surely it could be a real plus for small businesses, for color communities, and that’s how we see it. “

The newly appointed chairman of the Senate Banking Committee, Senator Sharrod Brown (D-OH), also said this week that he could help advance laws to protect banks that operate legal marijuana businesses in states that are legalizing marijuana have already passed. However, he would like to see a bill that would also address reform of drug conviction.

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