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Senators Schumer, Booker and Wyden Introduce Comprehensive Legislation to End Federal Cannabis Prohibition | Saul Ewing Arnstein & Lehr LLP


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Long-shot bill would also allow states to set own laws, make FDA lead regulator, address impact of War on Drugs, impose excise tax, and create CBD dietary supplement pathway.
More than five months after first previewing their sweeping cannabis reform proposal, Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Finance Committee Chair Ron Wyden (D-Ore.), and Senator Cory Booker (D-N.J.) finally released Wednesday a discussion draft of the Cannabis Administration and Opportunity Act (CAOA). 
The comprehensive measure would, among other things:
Deschedule cannabis: End the federal prohibition on cannabis by removing it from the Controlled Substances Act (CSA); ....

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Detailed text transcripts for TV channel - FOXNEWS - 20111201:16:48:00

Fox business s rich edson live on capitol hill. what is the latest coming out of the hearing today? reporter: good morning, jenna. a number of customers are farmers. their senators are asking what happened to that money. appearing are representatives of primary regulator of mf global. that is the commodities futures trading commission. its commissioner is also here, gary gensler. they are conducting a an investigation what happened with all the money and. gensler is not a part of that. gensler knows governor jon corzine working together at goldman sabs. because gensler is not taking part in this investigation, one senator thinks that he is avoiding questions on mf global. my concern is that, a week ago or so you said i will recuse myself. looks to me like you re trying to avoid the heat. you certainly didn t recuse yourself all of the other weeks and months and days while mf global was doing what it was doing. ....

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