OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Marijuana Opportunity Reinvestment and Expungement Act of 2019

Floor Speech

Date: Dec. 4, 2020
Location: Washington, DC

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Ms. VELAZQUEZ. Mr. Speaker, I rise in support of this legislation because it will restore justice to our most marginalized communities, and it will boost our economy.

I thank Speaker Pelosi, Chairman Nadler, and my fellow chairs, for bringing this legislation to the floor today. The MORE Act takes meaningful action to address systemic injustices by removing cannabis from its current classification as a schedule I drug and incentivizing States to expunge low-level possession records.

As chair of the Small Business Committee, I am proud to have championed measures included in the bill that will expand capital access and Federal small business development resources to the cannabis sector.

We cannot forget that while communities of color have disproportionately suffered from the so-called war on drugs, they have also been locked out of traditional capital markets. That is why the MORE Act is the best legislation to advance progress on this issue, and I urge my colleagues to vote ``yes''.

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