PREPARE Act of 2025

The PREPARE Act of 2025 establishes a federal Commission on the Federal Regulation of Cannabis to develop a regulatory framework for cannabis similar to alcohol regulation. The Commission will study barriers to regulation including impacts of criminalization on minority communities, financial access for cannabis businesses, research limitations, and product safety standards. It must hold public hearings with industry representatives and those affected by cannabis prohibition, and publish initial findings within 120 days and final recommendations within one year. This bill does not change current federal cannabis laws but prepares the government for potential future legalization, directly affecting federal and state regulatory approaches, cannabis businesses, and communities disproportionately impacted by past cannabis prohibition policies.