Schumer and Company File Federal Cannabis Legalization Bill

Schumer and Company File Federal Cannabis Legalization Bill

<![CDATA[Editor’s note: This is a developing story and will be updated periodically through the day on July 21. Senate Majority Leader Chuck Schumer’s bill to federally legalized cannabis is finally here. The New York Democrat, along with Senate Finance Committee Chairman Ron Wyden, D-Ore., and Sen. Cory Booker, D-N.J., officially filed the Cannabis Administration and Opportunity Act (CAOA) July 21 in the upper chamber. The 296-page bill expands upon a 163-page draft that the Senate trio originally unveiled more than a year ago, before industry organizations and stakeholders spent the better part of two months submitting their feedback. While the final version of the legislation filed Thursday broadens the initial proposal, the nuts and bolts of the bill remain: remove cannabis from the list of controlled substances; tax and regulate cannabis at the federal level; and grant states the power to keep or administer their own oversight programs.In addition, the legislation provides provisions to help repair the harms and injustices associated with the enforcement of prohibition policies that have led to disproportionately targeting Black people and communities. “For far too long, the federal prohibition on cannabis and the war on drugs has been a war on people, and particularly people of color,” Schumer said in a statement, adding that the CAOA “will be a catalyst for change [by] expunging the criminal records of those with low-level cannabis offenses, providing millions with a new lease on life.”Specifically, the legislation directs funding to reinvest in people and communities impacted by prohibition and lays the groundwork to foster diversity and inclusion in state-regulated markets.The majority of U.S. voters support comprehensive cannabis policy reform, including 68% of Americans who support full legalization, according to a November Gallup Poll. As that support for cannabis policy change continues to strengthen, now is the time to effectively address the damage…

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Source : Schumer and Company File Federal Cannabis Legalization Bill

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