Is the CAOA a perfect model for legalization? Probably not, as I am not sure there is a way to legalize cannabis that will please everyone. However, it is comprehensive and would completely change the cannabis industry.
A few weeks ago, Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ), introduced the Cannabis Administration and Opportunity Act (CAOA).
The nearly 300 page bill is comprehensive and is unlikely to pass before the midterm election (if at all, thanks to the filibuster). However, it does provide a real glimpse as to what we can potentially expect when federal cannabis legalization actually happens. Today, I will cover a few interesting portions of the CAOA.
(Originally posted by Cannabis News)