Is marijuana about to get decriminalized?


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Morning Bullets - Federal Marijuana Decriminalization

Image Source: Morning Bullets

if you’re a cannabis investor, then this is going to be really good news to your ears.


Yesterday, House Majority Whip James Clyburn (D-S.C.) announced that lawmakers will vote next month on a bill to decriminalize marijuana at the federal level.


But that would still leave individual states to decide on how they will regulate cannabis.


The vote would mark the first time either chamber of Congress ever voted on the decriminalization of marijuana.


It’s called the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act and it was first introduced by Rep. Jerrold Nadler (D-N.Y.)


Do you think it will actually pass the House?


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A photo of the SEC building, overlaid with cash and cryptocurrency

Image Source: Coin Journal

For the major players in the crypto community, the SEC’s announcement that they are amending the definition of an “accredited investor” may have opened a can of worms.


While there are several that give the move a thumbs up, there are plenty of others that say the new rules still don’t go far enough.


So, what changed?


On August 26, the SEC announced a new interpretation of what an accredited investor is. Now, it will be based on “professional certifications, designations or credentials, or other credentials issued by an accredited educational institution.”


Previously, an accredited investor just needed a $1 million net worth of a stable income of $200k a year.


Obviously, this expanded definition is opening a lot of new doors for prospective investors.


But there are drawbacks, too…


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More News From The Crypto Corner

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Frederick Frost

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