Schumer Marijuana Bill Will Stop Big Alcohol And Tobacco From Dominating Market, He Says

MJ moment

A bill to federally legalize marijuana that’s being drafted by top senators will specifically seek to restrict the ability of large alcohol and tobacco companies to overtake the industry, Senate Majority Leader Chuck Schumer (D-NY) said on Thursday. Instead, it will prioritize small businesses, particularly those owned by people from communities most impacted by prohibition, and focus on “justice, justice, justice—as well as freedom.” Schumer was joined by Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) for a brief discussion of their work to develop a comprehensive reform bill. The trio talked about the harms of cannabis criminalization, the state-level legalization movement and the economic potential of regulating marijuana products. This comes on the same day that a bill to protect banks that service cannabis businesses from being penalized by federal regulators was reintroduced in the House. “We don’t want the big tobacco companies and the big liquor companies to swoop in and take over,” the majority leader said. “The legislation we have will make sure that smaller businesses, businesses in communities of color, get the advantage because communities of color have paid the price for decades. They should at least get something back.” It is long past time to end the federal prohibition on marijuana and undo the damage of the War on Drugs. WATCH: I talked with @SenBooker and @RonWyden this week about how we’re working together on legislation for comprehensive marijuana reform. https://t.co/jfKxJOsIzq — Chuck Schumer (@SenSchumer) March 18, 2021 While the reform legislation has yet to be introduced, Schumer said it will be filed “shortly,” and “it’s exciting and it’s imperative and we will get it done.” He also urged voters to reach out to their congressional representatives and tell them that “this is long overdue,” and “it’s an issue of justice,…

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