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Chuck Schumer’s Federal Legalization Bill Introduced to the Senate


The Cannabis Administration and Opportunity Act (CAOA) was finally introduced to the Senate Thursday after being unveiled to the industry by Senate Majority Leader Chuck Schumer (D-NY) last year.


“Although we see the long-awaited introduction of CAOA as another positive sign for eventual federal cannabis reform, the Democrat-proposed bill will have a tough time passing the Senate,” said Entourage Effect Capital Founder and Managing Partner Matt Hawkins



,“For years, I have been advocating for cannabis policy reform at the federal level, and the filing of the CAOA was a massive step in the right direction for our movement. With over two-thirds of Americans supporting the federal legalization of recreational cannabis sales and over 37 states with medical cannabis programs, it appears as if our legislature is finally heeding the American public’s mandate to reform our archaic cannabis laws,” said cannabis lobbyist and attorney Brady Cobb.

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