This bill would remove cannabis from the federal list of illegal drugs and end federal criminal penalties tied to it. It would also clear certain past federal cannabis offenses and direct funding to help people harmed by the War on Drugs. In addition, it sets up federal taxes and permits for cannabis businesses, along with rules for how they operate and penalties if they break those rules.

• Who is affected: People with federal cannabis records; communities harmed by past drug policies; cannabis businesses and workers.
• What changes: Cannabis would be taken off the federal illegal drug list; some federal cannabis records could be cleared; federal taxes, permits, operational rules, and penalties would be created for cannabis products and businesses.