Welcome

Pot Bill Gets a Frosty Reception: Cannabis Weekly (Correct)

July 19, 2021, 2:39 PM

The U.S. cannabis industry had eagerly awaited a federal legalization bill that executives, investors and interest groups had hoped would be a panacea for the partisan divide over a hotly contested issue.

What they saw last week from Senate Majority Leader Chuck Schumer left many underwhelmed.

Cannabis stocks flagged after the bill was unveiled, and critics piled on from all directions. It’s not a surprise that the legislation wouldn’t please everyone, given the controversies around cannabis. Even the bill’s own authors acknowledge shortcomings, saying in a summary of the proposal that there’s still no standard to measure drugged driving, ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.