Sen. Chuck Schumer Introduces Cannabis De-Scheduling Legislation



The Senate’s top Democrat, Sen. Chuck Schumer (D-New York), has introduced legislation that aims to end cannabis prohibition and let states decide for themselves the legality of the plant.

The Marijuana Freedom and Opportunity Act would decriminalize cannabis by removing it from the Controlled Substances Act; however, the federal government would maintain the authority to prevent cannabis trafficking from legal states to non-legal states.

The bill would also invest $250 million into investigating the highway safety pitfalls of cannabis legalization and $500 million into public health research investigating the effects of THC and other cannabinoids. Additionally, Schumer’s bill includes funding for cannabis businesses owned by women and people of color via the Small Business Administration.

“The new Marijuana Freedom and Opportunity Act is about giving states the freedom to be the laboratories that they should be and giving Americans – especially women and minority business owners as well as those convicted of simple possession of marijuana intended for personal use – the opportunity to succeed in today’s economy. This legislation is simply the right thing to do and I am hopeful that the balanced approach it takes can earn bipartisan support in Congress and across the country.” — Sen. Minority Leader Chuck Schumer, in a statement

Sen. Schumer first announced the legislation on the symbolic day of April 20, the international day of cannabis celebration, saying that his thinking on the issue — echoing a similar statement by former Republican House Speaker John Boehner — had evolved. >>>


  • LinkedIn - White Circle
21972-312_SOC_NonCPA.png
Cannabis Banking, Simplified.

Shield's purpose built compliance platform manages the risk, compliance and operational demands associated with banking in the legalized cannabis industry. With Shield's transactional and operational transparency tools, compliance officers are notified of non-compliant activity quickly. 

© 2019 Shield Compliance, LLC ||| 500 Union St., Ste 310 Seattle WA 98101

Website development and management by FI Partners, LLC