The attorney general of Colorado on Wednesday sent a letter urging congressional leaders to ensure that small marijuana businesses are protected from being overtaken by Big Tobacco and other major industries as federal cannabis reform legislation advances. Attorney General Phil Weiser (D) wrote that his state is “heartened” to see efforts on Capitol Hill to end federal cannabis prohibition and create a regulatory framework that still empowers states to make their own policy decisions. But he expressed concerns about large corporations potentially gobbling up the industry if preventative steps aren’t taken. Weiser specifically discussed the Cannabis Administration and Opportunity Act (CAOA), a bill to federally reschedule marijuana and promote social equity that’s being sponsored by Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and Sen. Cory Booker (D-NJ). The trio has asked for public input on the proposal.

Kyle Jaeger, Marijuana Moment, 08/25/2021 14:39:00

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