Title: Sorry, the MORE Act Has No Chance of Becoming Law | The Motley Fool
Headings: Sorry, the MORE Act Has No Chance of Becoming Law
Sorry, the MORE Act Has No Chance of Becoming Law
This game-changing and historic cannabis reform bill will be dead on arrival if it reaches the Senate.
The MORE Act is dead on arrival if it reaches the Senate
When will marijuana reform be on the table in the U.S.?

Content: Another problem here is that even if a House-backed cannabis reform bill like the MORE Act were to reach the Senate floor for vote, there's little guarantee that enough votes would be there to pass it. The Senate is currently in Republican hands by a relatively slim majority, and Republicans historically have a more adverse view of marijuana than Democrats or Independents. Plus, Democrats would practically need to be unanimous in their support of the MORE Act in the Senate for the bill to pass, which is unlikely. Image source: Getty Images. There's also a money component here that's being overlooked. The aforementioned tax code 280E nets the federal government a pretty penny each year. Removing marijuana from the controlled substances list would reduce future revenue for the federal government by approximately $5 billion over 10 years. The thing is, the MORE Act's implementation of a 5% federal cannabis tax may only further widen the cost between legal and illicit weed, ultimately leading to reduced federal revenue from the pot industry. When will marijuana reform be on the table in the U.S.?