The bill, titled the Marijuana Opportunity Reinvestment and Expungement Act, would essentially remove marijuana from the Controlled Substances Act list and decriminalize it.
"This bipartisan bill is critical to better understanding the marijuana plant and its potential benefits and side effects," Grassley said in a statement. "It will empower the FDA to analyze CBD and medical marijuana products in a safe and responsible way so that the American public can decide whether to utilize them in the future based on sound scientific data.
Meanwhile, cannabis is one of the fastest-growing industries in the nation. Sales of adult-use and medical marijuana hit $25 billion in 2021, according to a report by Leafly, that was created in partnership with the cannabis economic analysis firm Whitney Economics. Researchers also found last year was the first time that job creation in the marijuana industry exceeded six figures, with 107,059 new jobs created, compared to 32,700 in 2019.
FILE IMAGE - A customer prepares marijuana at a cannabis lounge in West Hollywood, California, U.S., on Oct. 1, 2019. Photographer: Kyle Grillot/Bloomberg via Getty ImagesThe company, the second-largest private employer in the U.S. behind Walmart, made the change as states continue to legalize cannabis or introduce laws banning employers from testing for it.
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