PREPARE Act of 2023

This bill establishes a federal commission to prepare the U.S. government for the potential end of cannabis prohibition. The Commission, composed of experts from federal agencies, state regulators, and affected communities, will study barriers like racial disparities in criminalization, research restrictions, financial access for businesses, and safety standards - recommending a regulatory framework modeled after alcohol laws. It requires the Commission to issue initial findings within 120 days and final recommendations within one year, including public input from cannabis businesses, formerly incarcerated individuals, and medical experts. The bill directly affects federal agencies, state regulatory systems, cannabis businesses, and communities disproportionately impacted by past prohibition policies.