Cannabis On The Bill As Democrats Draft Weed Legalization

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Senate Democrats draft weed legalization bill, taking a step closer to legalization at the federal level. The bill would would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal penalties. The Cannabis Administration and Opportunity Act floated by Senate majority leader Chuck Schumer, Finance Chairman Ron Wyden and New Jersey Senator Cory Booker, would expunge federal non-violent marijuana crimes. On top of that, the bill will allow for further medical research and cannabis business to access financial services.

For context, adult use of cannabis is legal in 18 states, and allowed medically in 37 states. Despite this fact, it's still illegal on the federal level. This means that banks and others are deterred from dealing with companies tha...

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