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Chuck Schumer Announces Cannabis Bill to End Federal Prohibition

U.S. Senate Majority Leader Chuck Schumer, after many long months of speculation, finally revealed his highly anticipated cannabis bill, which would finally end federal prohibition. This bill is very similar to its predecessor, the MORE Act of 2020, which found little support in the Senate last year, despite its successful passage through the House.  Schumer’s bill would finally take cannabis off the federal list of controlled substances. It would also impose federal taxes on cannabis delivery and other weed-related activities. It would further expunge cannabis records at the federal level. Moreover, it intends reinvesting all revenues collected by taxing marijuana into the communities most harmed by the decades-long War on Drugs.  Cannabis Administration and Opportunity Act The Cannabis Administration and Opportunity Act, the name of this new bill, is brand new. Officially introduced by Senator Cory Booker (D-NJ), the bill has Senator Ron Wyden (D-OR) and Schumer as co-sponsors. It …

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