Federal GOP representatives want to decriminalize and tax cannabis at a national level on Nov. 15.
At least six Republicans, including Rep. Nancy Mace (S.C.) sponsored the States Reform Act to remove federal restrictions on the controversial plant.
Mace revealed the decision will not compel states to remove their own regulations to legalize or ban the substance.
“It protects each state’s unique laws and reforms,” she said in a video shared on YouTube. “It takes into account at the federal level that every state is different.”
Mace plans to task the U.S. Department of Agriculture with administering cannabis growers. Medical marijuana will be jointly supervised by the Food and Medication Administration and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.
Although the U.S. Food and Drug Administration is primarily responsible for oversight, its control over medical marijuana will be limited according to Reuters.
Mace also revealed the bill will treat cannabis like alcohol and regulate advertising, especially for people aged under 21. Banks and other investors were previously discouraged from associating with businesses that trade cannabis or related products.
“This bill would also support businesses, in particular small businesses,” she can be heard saying in the video. “If we were to pass this bill today … businesses would operate and be legal and regulated–just like alcohol.”
Decriminalizing cannabis is also hoped to erase criminal histories of those convicted of nonviolent, cannabis-only related offenses. This is promised to create job opportunities and also help veterans who used the substance.
The States Reform Act will set a 3 percent excise tax on cannabis, a much lower rate compared to Senate Majority Leader Chuck Schumer’s previous proposal of nearly 25 percent.
At least 18 states have accepted adult cannabis use, with 36 legalizing the substance’s medical applications.