Cannabis Legalization Among Topics For Senate Subcommittee To Address At Next Hearing

The Judiciary Subcommittee on Crime and Terrorism, chaired by Sen. Cory Booker (D-NJ)scheduled a meeting for July 26, titled “Decriminalizing at the Federal Level: Necessary Steps to Address Past Harms.”

The details of the meeting are not yet available. However, since it comes on the heels of Senate Democrats’ plan to present a bill to decriminalize marijuana at the federal level, it is likely that senators on the panel will be debating that very measure. 

Reports that the long-awaited legislation from Booker, Senate Majority Leader Chuck Schumer (D-NY), and Senate Finance Committee Chairman Ron Wyden (D-OR) could be introduced this week, sent cannabis stocks soaring on Monday.

Schumer and fellow Sens. Booker and Wyden introduced the outline of the Administration & Opportunity Act (CAOA) in July 2021. The proposal includes plans to remove marijuana from the Controlled Substances Act, expunge …

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