The “Cannabis Administration and Opportunity Act,” was published today.
possession, production, and distribution of cannabis.
“cannabis” aspect of all products containing cannabis.
prevailing price of cannabis sold in the U.S. increase by 5% annually until year five. first full calendar year of enactment. in the prior year. removing barriers to entry.
individuals adversely effected by the War on Drugs. federal cannabis offenses within one year of enactment. owned by socially and economically disadvantaged individuals.
for cannabis offenses and violations.
What could this all mean? In short, this bill is a great start. waves of legalization instead of getting swallowed by them. Spoiler alert: it’s the tobacco and alcohol companies.
industry players will emerge. with the regulatory landscape.