Amazon.com, Inc. (NASDAQ: AMZN) announced its support on Tuesday for a Republican-backed congressional bill that would cannabis at the federal level and let states decide how and whether to ban or regulate it.
Congresswoman Nancy Mace's (R-SC) State Reform Act, released in November, would remove cannabis as a Federal Schedule I substance and introduce a new 3% federal tax on that substance. It was the first bill issued from the Republicans and it created quite a stir at the time.
