Congress has wrapped up a comment period for cannabis reform legislation
A wide range of cannabis industry advocates and stakeholders have provided extensive amounts of commentary on a proposed Senate bill to federally legalize marijuana. It appears that, after this wave of comments, the Senates have their work cut out for them.
The introduction of the Cannabis Administration and Opportunities Act (CAOA) has been widely celebrated by legalization advocates, but they still have some suggestions for improvement, especially when it comes to licensing, social equity, tax policy, and interstate commerce. Senate Majority Leader Chuck Schumer, Senator Cory Booker, and Senate Finance Committee Chairman Ron Wyden are currently sponsoring the legislation. After releasing a draft version of the measure two months ago, a public comment period was opened for public comment on a revised measure that senators plan to formally introduce in the future.
NORML, Marijuana Policy Project (MPP) and National Cannabis Industry Association (NCIA) are organizations that are in favor of the reform and did not hesitate to share their opinion. However, they say they are happy with the work done by the senators to end the federal prohibition of cannabis. On the other hand, prohibitionist groups also gave their opinion on the proposal. They said there are certain things that can be done to improve their overall concerns with legalization.
As time goes on, it is clear that federal law reform is getting closer to the finish line, and this would certainly mark a historic milestone for the US cannabis industry. Schumer and his team are doing whatever it takes to bring the effort to fruition.