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H.R. 5068: Marijuana Opportunity Reinvestment and Expungement Act

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act is a proposed piece of legislation focused on cannabis reform in the United States. It aims to make several significant changes regarding the legal status of cannabis and its regulation.

Key Provisions of the Bill

  • Decriminalization of Cannabis: The bill seeks to remove cannabis from the list of controlled substances at the federal level, effectively decriminalizing it.
  • Expungement of Offenses: It includes provisions to expunge certain cannabis-related criminal offenses, offering relief to individuals with previous convictions.
  • Reinvestment in Affected Communities: The legislation proposes reinvestment in communities that have been adversely affected by cannabis prohibition, aiming to help these areas recover and thrive.
  • Assessment of Business Ownership: The bill mandates an assessment of the demographics of cannabis business owners to ensure inclusivity and diversity in the industry.
  • Trust Fund Creation: It establishes a trust fund financed by cannabis tax revenues, intended to support various community initiatives.

Taxation and Compliance

  • Tax on Unlawfully Produced Cannabis: There will be an immediate tax applied to cannabis products produced unlawfully in the U.S.
  • Electronic Payment for Large Tax Liabilities: Companies that owe over $5 million in taxes annually will be required to pay their taxes electronically.
  • Tax Determination and Refunds: The bill contains sections on how taxes will be determined and outlines procedures for refunds in case of losses.
  • Compliance Requirements: There are strict compliance requirements set forth for cannabis enterprises to ensure regulation and oversight.

Allocation of Funds for Social Services

  • Support Services: The bill allocates funds for a variety of social services aimed at helping those affected by the War on Drugs.
  • Reentry Services: It includes support for reentry services to help individuals reintegrate into society after incarceration.
  • Legal Aid: Funding will be provided for legal aid services to assist individuals in expunging cannabis-related offenses from their records.
  • Educational Programs: It aims to finance literacy programs and health education initiatives to improve community knowledge and access to resources.
  • Youth Mentoring: The bill supports youth mentoring programs to provide guidance and assistance to young people in affected communities.
  • Substance Use Disorder Services: It enhances access to services aimed at addressing substance use disorders, with a focus on helping those impacted by drug policies.

Relevant Companies

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This is an AI-generated summary of the bill text. There may be mistakes.

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Sponsors

62 bill sponsors

Actions

2 actions

Date Action
Aug. 29, 2025 Introduced in House
Aug. 29, 2025 Referred to the Committee on the Judiciary, and in addition to the Committees on Energy and Commerce, Agriculture, Education and Workforce, Ways and Means, Small Business, Natural Resources, Oversight and Government Reform, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Corporate Lobbying

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Potentially Relevant Congressional Stock Trades

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