Three Big Questions Following The Release Of The Schumer Cannabis Bill

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Summary

So, what happens to all that investment (and all the jobs that go with it) if interstate cannabis commerce is suddenly legal? Senate Democrats — specifically, Majority Leader Schumer and Senators Cory Booker and Ron Wyden — finally released the much-anticipated cannabis reform bill previously known only as the “Schumer Bill”. In other words, it gives interstate cannabis commerce the greenlight, and could cause an enormous disruption to the industry — unless it’s modified to phase in interstate commerce over time. And it raises some fascinating questions for the future of cannabis in the U.S. Photo by Kevin Dietsch / Getty Images Will Cannabis go Interstate and When? But because of the constantly shifting nature of the cannabis industry over the last decade, the companies that come first sometimes end up having a first mover disadvantage.

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It probably won’t pass, but it may be a harbinger of the bill that finally does. And it raises some fascinating questions for the future of cannabis in the U.S.

They finally did it! Senate Democrats — specifically, Majority Leader Schumer and Senators Cory Booker and Ron Wyden — finally released the much-anticipated cannabis reform bill previously known only as the “Schumer Bill”. Its official name, the Cannabis Administration & Opportunity Act or (if you’re a fan of acronyms the CAOA), is terrible (at best). How do you even pronounce “CAOA”?...

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