A trio of Senators comprised of Chuck Schumer (D-NY), Cory Booker (D-NJ) and Ron Wyden (D-OR) released their long-awaited legislation aimed at decriminalizing MJ.  The document is a “discussion draft”, indicating to industry stakeholders that the bill has failed to gain traction in the background, where legislation is often hammered out in broad strokes. 

Efforts to decriminalize cannabis – which would have a significant impact on hemp markets – are subject to disparate views on Capitol Hill.  Stand-alone measures like the

Sen. Schumer & Co. know this and are eager to leverage this into a broader bill that addresses “the harms of the drug war”, said Sen Booker at the announcement of the Cannabis Administration and Opportunity Act today. 

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