Industry Advocates, Stakeholders Appraise Schumer’s Cannabis Bill

It took more than a year for Sen. Chuck Schumer and two of his Democratic colleagues to formally file a federal cannabis legalization bill, yet the majority leader indicated he still doesn’t have the support to pass it.

The Cannabis Administration and Opportunity Act (CAOA)—which Schumer formally filed July 21, along with Sens. Ron Wyden, Ore., and Cory Booker, N.J.— is a 296-page bill that aims to remove cannabis from the Controlled Substances Act; federally tax and regulate the plant; and empower states to create their own cannabis laws.

RELATED: Schumer and Company File Federal Cannabis Legalization Bill

The is 133 pages longer than the discussion draft of the bill that Schumer and company first unveiled in July 2021. The current version of the bill—as filed this week—comes after the trio considered more than 1,800 public comments and worked with the chairs of 10-plus Senate committees to put forth a proposal they hope gains traction.

Yet Schumer did not offer any assurances that the is as popular among his Senate colleagues as cannabis legalization is among the American public when he addressed the upper chamber following the bill’s introduction on Thursday.

Although, he did say he’s aiming to “get something done this year.” That comment comes as 68% of Americans support full cannabis legalization, according to a recent Gallup Poll.

“I’ve had many productive conversations with my Republican and Democratic colleagues about cannabis reform. And I look forward to working with members from both sides of the aisle

Industry Advocates, Stakeholders Appraise Schumer’s Cannabis Bill on cannabis business times