Senate Majority Leader Chuck Schumer revealed last week that a cannabis
On Thursday, Schumer said in a statement
The bill is “critical legislation that will finally put an end to the federal prohibition on cannabis and address the over-criminalization of cannabis in a comprehensive and meaningful way,” Schumer added,
Wyden said in a statement that it was important for the bill to be completed “well before the August recess to continue building momentum for cannabis reform.”
Schumer Unveiled Bill Last Summer
Schumer originally said last July that he planned to introduce the legislation to legalize and regulate cannabis at the federal level. In an appearance with Booker and Wyden, the chair of the Senate Finance Committee, Schumer released a
“In the coming weeks, we’re ramping up our outreach — and we expect to introduce final legislation. Our goal is to do it in April,”
Earlier this month, Booker seemed to confirm that the CAOA would be introduced in April, noting the timing of the cannabis legalization bill would coincide with the April 20 celebration of cannabis culture.
“I don’t mean this to be fully in jest but there’s been a lot of conversation about doing it on 4/20,”
Bill Regulates and Taxes Cannabis Nationally
Under the bill from the trio of Democratic senators, cannabis would be removed from the list of regulated drugs under the federal Controlled Substances Act, and cannabis would instead be regulated and taxed like alcohol and tobacco. The measure includes social equity provisions to expunge convictions for minor federal cannabis offenses and levies a federal tax on cannabis products, with revenue dedicated to grant programs designed to invest in communities disproportionately harmed by the War on Drugs.
The CAOA would also transfer authority over cannabis regulation from the Drug Enforcement Administration to the Food and Drug Administration, with the Bureau of Alcohol, Tobacco, Firearms and the Alcohol and Tobacco Tax and Trade Bureau also assuming some regulatory duties. After releasing the draft version of the bill, Schumer, Wyden and Booker sent a letter to their Senate colleagues to rally support for the legislation.
“As more and more states move to legalize cannabis for both adult and medical use, the federal government has an important role to play. Hundreds of millions of Americans live in states that have legalized cannabis in some form while it remains illegal at the federal level,”
The CAOA is not the only plan to legalize cannabis pending before federal lawmakers. On April 1, the House of Representatives approved