On February 4, 2022, Sen. Chuck Schumer (D-NY) held a press conference during which he announced that he intends to introduce the long-awaited Cannabis Administration & Opportunity (CAO) Act in April of this year.

Rep. Jerrold Nadler, also a New York Democrat, spoke at the same press conference about the MORE Act’s progress. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act is the closest thing to a companion bill for the CAO Act. The MORE Act has been voted out of committee and awaits debate by the full House, not yet scheduled.


At a July 14 press conference, Senate Majority Leader Chuck Schumer, (D-NY), joined with Sens. Ron Wyden, (D-WY), and Cory Booker, (D-NJ), to request comment on a discussion draft. The tentative name for the bill is the “Cannabis Administration & Opportunity Act” (CAO Act).

The page will be updated as stories about the CAO Act are added. Below is the PDF file of the 30-page discussion draft.


CAOA-Detailed-Summary-


Contents

CAO Act Coverage


What People Are Saying


Steven W. Hawkins, Marijuana Policy Project

“For justice reform, for equity, for individual liberty, and countless other reasons, it is time to respect the will of the American people and legalize cannabis. I am heartened by the Booker, Schumer, Wyden bill draft, which is a promising first step towards Senate passage, and hopeful that it will lead to negotiations and bipartisan support for an inclusive and equitable legal cannabis industry,”

Steven Hawkins, executive director at the Marijuana Policy Project.

National Cannabis Industry Association (NCIA)

“Given the political environment in the Senate right now, our focus will be to explore ways to potentially improve the bill and gain Republican votes – particularly from those lawmakers representing states where cannabis is legal in some form – while we shore up Democratic support. This draft legislation is a great vehicle to jumpstart these conversations and find common ground across the political spectrum.”

Aaron Smith, co-founder and chief executive officer of the National Cannabis Industry Association