Amazon recently released a statement that they will actively support the marijuana federal legalization act of 2021, which is part of the continuous efforts to legalize marijuana. The statement was released by Amazon customer CEO, who expressed hope that other like-minded employers and policymakers will pass the act into law swiftly.
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In support of this, the company also ruled off the initially mandatory marijuana drug test for job seekers looking for positions that aren’t under the Department of Transportation. Initially, Amazon drug policy, like other businesses, required testing and disqualification of employees whose tests for marijuana use were positive.
The Marijuana Federal Legalization Bill
The chair of U.S House Judiciary Jerry Nadler reintroduced the social-justice marijuana federal legalization bill, widely known as the MORE act, on Friday, hoping that the newly elected Congress and presidential support will pass the legislation. A similar version of this bill had been introduced in the previous Congress but didn’t pass, thanks to the then Republican-controlled senate.
Formally known as the Marijuana Opportunity Reinvestment and Expungement Act, the MORE act seeks to legalize weed federally by expunging the plant from those controlled by the federal Controlled Substance Act. If approved by Congress, the Senate, and signed by the president into law, this bill will generate endless opportunities for marijuana users and businesses.
Federal weed legalization 2021 will also challenge the current state-legal marijuana markets, ushering in a new era of interstate trade, which will favor low-cost production areas. As of now, more than eighteen states, including Washington DC, have already legalized MMJ for adult use, even though their markets are yet to launch.
The previous Congress passed the MORE act in December by 228 votes, beating the opposing fragment, which only had 164 votes. As such, the newly constituted House should restart the process again. Nonetheless, the overwhelming manner in which they passed the previous act means that the House understands its urgency.
On the other hand, the Upper chamber majority leader is expected to introduce a comprehensive cannabis legalization federal bill that builds on the MORE act. Even though Congress may pass this bill, the upper chamber remains a challenge for the following reasons:
- The senate generally has a conservative stance towards marijuana.
- Most bills require 60 out of 100 votes to pass in the senate.
- Democrat and independent members have a total of 50 members only.
Nonetheless, a recent public poll found that 68% of U.S citizens support the legalization of marijuana, which explains the mounting pressure on federal lawmakers to make reforms on marijuana policies.
Could Amazon Start Selling Weed?
While it remains unclear, Amazons’ positive reaction to the marijuana federal legalization bill may be a signal of good things to come. As mentioned, this eCommerce giant announced its nationwide support of the marijuana legalized federal MORE act. The company also scrubbed parts of the Amazon drug policy, saying it will stop drug-testing some of its employees for cannabis use.
Amazon’s public support for the federal weed legalization 2021 is undoubtedly a big deal. Even though this doesn’t mean that Amazon is getting into the cannabis business yet, but there are expectations that it will join in the near future. While this could lead to either amazing or terrible consequences on other players in the industry, it is all guaranteed to enrich some investors.
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Consequences of Amazon Support in Cannabis
Generally, Amazon’s support of the marijuana legalization bill federal is worth celebrating. The eCommerce giant completes billions of annual sales with millions of employees worldwide. The company also spends significantly lobbying politicians and holders of high offices to get what it wants. Therefore, its support for cannabis legalization federal may help those in the sector get there.
Interestingly, the cannabis stock prices shot up immediately after the company made this statement. Unfortunately, if the company starts selling cannabis, this might be disastrous for local dispensaries and companies that operate locally. Based on what happened to Barnes & Noble after Amazon began selling books, the entrance of Amazon into the cannabis market will either kill competitors or push the cannabis industry to the next level.
Hurdles Amazon Will Face to Become a Cannabis Kingpin
The legislations guarding the sale of marijuana are probably what hinders Amazon from becoming a cannabis kingpin. However, with the ongoing reforms in legislation, especially the MORE act, Amazon will eventually get into the cannabis space. Unfortunately, even then, there are other hurdles that this ECommerce giant will have to overcome before stocking cannabis among the billions of products on its website.
The first issue is that cannabis is a Schedule I drug, which is illegal, prone to abuse, and without any recognized benefits. Even though the federal government and states are willing to take their hands off through marijuana federal legislation bills, other countries may not be ready to approach this issue. This creates a significant logistical nightmare for this eCommerce company that uses extensive distribution centers.
The second and almost similar issue is that traditional logistics companies don’t like being associated with the transport of federally illegal substances. Even as legislation on marijuana sees the light at the end of the tunnel, negotiating with logistic giants, such as FedEx and UPS, to transport cannabis may prove challenging, especially to countries or states with restrictions.
The third and major problem is the challenge of convenience. The best thing about shopping from Amazon is that you can order your products from the comfort of your bed or couch. Therefore, assuming that the federal weed legislation 2021 goes through, online cannabis delivery will be done through various delivery networks. The main challenge associated with this is the uncertainty that these products don’t end up in the hands of minors.
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The Bottom Line
If passed and signed into law, the MORE act will decriminalize marijuana use at the federal level, putting its status as that of alcohol. Even though it remains unclear, many people expect that Amazon will start selling edible and ounces on its website, given its recent support for the bill and changes it effected on Amazon drug policy.