This bill — the Regulate Marijuana Like Alcohol Act — would remove marijuana from all schedules of the Controlled Substances Act, thereby making it legal, and allow states to choose how they want to regulate the substance. At the federal level, marijuana oversight would be transferred from the Drug Enforcement Agency (DEA) to the to-be renamed Bureau of Alcohol, Tobacco, Marijuana, Firearms and Explosives (ATF).
It would still be illegal under federal law to import marijuana into a state where it is illegal from outside the U.S. The Dept. of the Treasury would be responsible for regulating interstate and international marijuana businesses, while the Food and Drug Administration (FDA) would have the same powers to regulate marijuana as it does alcohol.