(This is a developing story that will be updated.)
Legislation to remove the decades-old federal ban on marijuana was at long last introduced Thursday by Senate Majority Leader Chuck Schumer, and cannabis industry leaders were gleeful over the milestone, even though it’s a long shot that the legalization bill will become law.
“The introduction of comprehensive cannabis reform legislation in the Senate, by none less than the majority leader himself, is the strongest sign yet that cannabis prohibition in America is nearing its end,” Steve Hawkins, the CEO of the U.S. Cannabis Council, said in a statement regarding Schumer’s Cannabis Administration and Opportunity Act (CAOA).
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Schumer and colleagues including U.S. Sens. Cory Booker of New Jersey and Ron Wyden of Oregon have been working on the 296-page measure mostly behind closed doors since early 2021.
A draft of the bill was circulated last year.
“The question today is no
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