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Congressional bills would provide federal marijuana tax relief, limited descheduling

If Congress can’t – or won’t – legalize marijuana at the federal level, the least U.S. lawmakers can do is get out of the way of states with adult-use cannabis.

That’s part of the impetus for two marijuana-related bills introduced in the House of Representatives on Wednesday by a bipartisan group of lawmakers – one of which would provide relief from Section 280E of the Internal Revenue Code.

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Notably, neither bill introduced Wednesday would legalize marijuana federally.

PREPARE Act and STATES 2.0 Act

However, a federal marijuana regulatory framework would be put in place if Congress passes and President Donald Trump signs the PREPARE Act of 2025, which is co-sponsored by House Democratic Leader Hakeem Jeffries and Ohio Republican U.S. Rep. Dave Joyce.

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