Senator Chuck Schumer’s marijuana reform bill receives mixed reactions from analysts

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Federal marijuana reform could be both good and bad, according to analysts

It has been a month since Senate Majority Leader Chuck Schumer unveiled a draft of his federal marijuana legalization bill, and already many questions have begun to arise regarding what profits or losses a business might begin to experience should the groundbreaking legislation become a reality in the country. This has also given many experts something to talk about, and the reactions seem to be different.

Many of the specialists in the marijuana industry have agreed that the biggest profits, once federal legalization takes place, will be distributed mainly to large and well-funded companies, either with the bill presented by Schumer or any other measure that achieves the desired success. “It will be the big dogs that win,” predicted Nic Easley, CEO of Colorado-based 3C Cannabis Consulting.

However, both Easley and other experts in the field say that doesn’t mean smaller companies will be left out in the cold. That’s mainly because the bill, and its likely successors in the upcoming congressional sessions, will have a special priority on social equity, something that has been a long-standing struggle with all things marijuana. There is a possibility that interstate commerce will be allowed, which could come as a relief for all those small-scale, artisanal cannabis growers.

Still, Easley and many other analysts believe that Schumer’s bill is unlikely to succeed this year or next. They said the legislation has too many boulders to dodge along the way, starting with President Joe Biden’s lack of support and ending with the fact that no Senate Republicans have actually said they are in favor of the bill.