This would be a lighter touch than the more rigorous oversight called for in Schumer’s bill, which critics said would make pot akin to pharmaceutical drugs or tobacco by putting the U.S.
Cobb, the former chief executive officer of Bluma Wellness, is also a lobbyist in Washington pushing for cannabis reform.
The other major difference with Schumer’s proposal is that Mace’s is lighter on so-called social-equity provisions, which are meant to repair harm from the war on drugs by promoting minority participation.
Marijuana stocks, which had been beaten down this year largely due to the industry’s stalled political prospects, rallied all week on anticipation of Mace’s legislation.
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