The PREPARE Act establishes a federal Commission on the Federal Regulation of Cannabis to study how the United States can transition to a regulated cannabis system similar to alcohol regulation. The commission, composed of representatives from federal agencies, Congress, state cannabis regulators, medical experts, and individuals with lived experience in cannabis criminalization, must deliver initial findings within 120 days and final recommendations within one year of the bill's enactment. The commission will examine how to address barriers to federal legalization, including criminal justice reform for past convictions, financial access for cannabis businesses, research limitations, product safety standards, and tax frameworks. The bill affects cannabis entrepreneurs, those previously incarcerated for cannabis-related offenses, federal agencies involved in drug regulation and enforcement, states that have legalized cannabis, and the general public by laying groundwork for potential federal policy change. No specific funding amount is specified in the legislation, and the Attorney General will provide administrative support to the commission.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.