This week, Aleece breaks down the Cannabis Administration and Opportunity Act (CAOA), a draft legislation introduced in the United States Senate on July 14, 2021, that would legalize cannabis at the federal level, thus removing it from the Controlled Substances Act and allowing states to decide whether they want to legalize marijuana. Made possible by the CAOA, a lot of the barriers that have been problematic in the past for individual states to operate in the cannabis space (e.g., banking and insurance) will be removed. The bill, Aleece notes, won’t affect how states that have already legalized adult-use cannabis operate. The bill also includes social equity provisions that seek to expunge cannabis-related criminal records, to allow incarcerated people to petition the court for resentencing on nonviolent cannabis-related crimes, and to reinvest in communities that have been disproportionately impacted by the prohibition of cannabis. Tune in to hear Aleece’s thoughts about the CAOA and some of the areas in which she thinks the legislation could be improved.
This material is for informational purposes only and does not constitute legal advice or a legal opinion, and no attorney-client relationship has been established or implied. Thanks for listening.