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Marijuana Moment reported that the bill attempts to mark a
compromise measure that would not be as far-reaching as more
comprehensive bills others in Congress have been seeking.
Aides to Mace were not immediately available for comment and
Reuters has not confirmed either the contents of a potential
bill she might be working on or whether she is close to
introducing any such bill.
Eighteen U.S. states, most recently Connecticut in June, as well
as the District of Columbia, have legalized the recreational use
of marijuana. Marijuana, which remains prohibited by federal
law, has been approved for medical use in 36 states and the
District of Columbia.
On Friday, Marijuana Moment reported that a draft of the "States
Reform Act" legislation was being circulated, with a final
version being readied within weeks.
Cannabis stocks advanced on Monday after reports of legislation
being drafted.
Mace is a first-term House member. According to Marijuana
Moment, her bill would put the interstate regulation of
marijuana under the Alcohol and Tobacco Tax and Trade Bureau,
which is an agency within the Treasury Department. The U.S. Food
and Drug Administration also would have a limited role in
regulating products, according to the report.
Recreational cannabis use would be limited to those 21 and older
and much like federal controls on alcohol, there would be
advertising restrictions on marijuana.
There are few legislative weeks remaining in this session of the
deeply divided Congress and it was unclear how much lawmakers
will be able to get done once the 2022 midterm election
campaigns get started early next year.
(Reporting by Richard Cowan; Editing by Peter Cooney)
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