On Wednesday, U.S. Senate Majority Leader Chuck Schumer and colleagues will finally release a discussion draft of the long-awaited bill to federally legalize cannabis.
Sen. Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and Sen. Cory Booker (D-NJ) will hold a press conference Wednesday to announce the version of what is being called the Cannabis Administration and Opportunity Act, reported Marijuana Moment.
Protecting Small Businesses
While details are not yet available, the draft is heralding the much-anticipated cannabis legalization bill that is intended to lead to the introduction of a bill to be voted on in the coming months. In addition to ending the prohibition of cannabis, Schumer has said the proposal will “ensure restorative justice, public health and implement responsible taxes and regulations.”
In March, Schumer revealed plans to design a cannabis legalization bill that will prevent alcohol and tobacco giants from dominating the industry. At the time, the Senator explained the bill will be oriented towards protecting small companies, mostly those in the ownership of people from communities that have been negatively affected by prohibition and the failed war on drugs.
Schumer went on to say the bill …