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Sponsors of Federal Cannabis Legalization Bill Flooded With Feedback

Sponsors of Federal Cannabis Legalization Bill Flooded With Feedback

Author: Daniel T. McKillopDate: September 27, 2021

While most are applauding Senate Majority Leader Chuck Schumer (D-NY) for his work to legalize cannabis on the federal level, there is a growing consensus that he and his co-sponsors still have a lot of work to do. In providing feedback regarding the Cannabis Administration and Opportunity Act (CAOA), commenters have raised concerns about how the legislation addresses taxation, licensing and social equity, among other issues.

As discussed in greater detail in a prior article, on July 14, 2021, Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and Sen. Cory Booker (D-NJ) introduced draft legislation that would end the federal prohibition of cannabis and remove cannabis from the Controlled Substances Act (CSA). The comprehensive legislation decriminalizes cannabis, establishes a regulatory structure for overseeing the legal cannabis industry, imposes a federal tax on cannabis products, enacts criminal justice reforms, and establishes opportunity programs.

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