420 with CNW — Experts Say Schumer’s Cannabis Reform Bill Likely to Create Sector Losers, Winners

August 31, 2021 16:25:54

For months, Senate Majority Leader Chuck Schumer has said that he is working on a bill to federally deschedule cannabis and that he would do all he could to advance the legislation, even without President Joseph Biden’s support. Schumer recently unveiled a draft of his comprehensive cannabis reform, the Cannabis Administration Opportunity Act, which would remove marijuana from the Controlled Substances Act, let states decide how to legalize cannabis, and launch social equity programs that would help disadvantaged communities, among others.

Although the draft legislation faces a…

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