https://www.forbes.com/sites/tomangell/2019/02/08/feds-would-tax-marijuana-under-new-senate-bill-actually-numbered-s-420/Feb 8, 2019, 07:54am
Tom Angell
Contributor
Senator Files '420' Marijuana Bill To Legalize It Federally
For the second time so far this year, marijuana legislation in Congress has been officially designated with the bill number 420. It seems to be an obvious nod to the increasingly mainstream cannabis culture from lawmakers on Capitol Hill.
Sen. Ron Wyden's (D-OR) proposal, S.420, would deschedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales and create a system of permits for businesses to engage in cannabis commerce.
Marijuana enthusiasts, of course, celebrate their favorite plant on April 20, also known as 4/20.