420 with CNW — Schumer Reaches Out to GOP Senators for Input on Upcoming Cannabis Legalization Bill

Senate Majority Leader Chuck Schumer has made his support for cannabis reform quite clear. Last year he revealed that he was working on a bill that would federally legalize cannabis and he has stated that he would act on cannabis legislation with or without President Joe Biden’s approval. However, efforts to pass some kind of marijuana legislation, whether it is widespread reform or cannabis banking, have been held back by the GOP.

Cannabis legalization is one of the many things Republicans and Democrats can’t seem to agree on. While a lot of Democrats believe that legalizing cannabis would be beneficial for the economy, millions of Americans looking for alternative medical options, and communities that were disproportionately harmed by the drug war, many Republicans are completely against legalizing cannabis.

With Schumer planning on introducing the Cannabis Administration & Opportunity Act (CAOA) to the Senate later this month, he has revealed that he and his colleagues are reaching out to GOP senators for their input on the bill. According to Schumer, he would like to see what the Republican senators would like to include in the bill before he files it near the end of April.

The legislation has been in the works for quite some time now, with the senate majority leader discussing plans to unveil it for longer than a year. Last February, Schumer said that he and his colleagues would be unveiling the Cannabis Administration & Opportunity Act before circulating a letter among lawmakers for input on the bill.

During a recent press briefing, Schumer said that he along with bill co-sponsors Senate Finance Committee Chairman Ron Wyden and Senator Cory Booker have been discussing the bill and are trying to reach out to lawmakers from the right for their input.

Schumer’s comments come just a few days after the House of Representatives passed the MORE Act for the second time. The legislation would end federal cannabis prohibition, launch a commercial cannabis market and try to alleviate the damage caused by the war on drugs. Unsurprisingly, most of the votes in favor of the bill came from the Democrats while only three Republicans approved the cannabis reform legislation.

As it stands, the GOP has repeatedly stood in the way of any federal cannabis reform that gets to the Senate as the left has a slim majority. If Schumer can get enough Republican senators on his side, Congress could finally legalize cannabis at the federal level after decades of prohibition, creating an environment that allows industry actors such as Advanced Container Technologies Inc. (OTC: ACTX) to offer value to people across the country.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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