The introduction of a long-awaited Senate bill to federally legalize marijuana is imminent, with two Senate sources telling Marijuana Moment on Thursday that the legislation could be filed “as early as next week.”
It’s been a year since Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) first released a draft version of comprehensive legislation to end federal cannabis prohibition and promote social equity in the industry. And on Thursday, Bloomberg reported that the bill’s introduction would be coming next week.
But sources on Capitol Hill who are familiar with the planning tell Marijuana Moment that the exact timing is still in flux. It’s possible that the Cannabis Administration & Opportunity Act (CAOA) could drop next week, they say, but there are no scheduled plans to do so at this point, despite what Bloomberg reported. However, they maintain that the bill will be introduced ahead of the August recess just weeks away, as Schumer has promised.
The timeline for the introduction of CAOA has been repeatedly pushed back as leadership has worked to gather input on various provisions and build bipartisan buy-in. The majority leader had said earlier this year that
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