Pot Legalization Boosted as Schumer Makes Issue a Top Priority

Senate Majority Leader Chuck Schumer is bolstering the prospects for marijuana initiatives on Capitol Hill by throwing the weight of his office behind them.

The Democrat recently said while back in his home state of New York that he’ll formally unveil legislation as soon as April that would legalize marijuana and set tax and banking rules to oversee the burgeoning industry. It could be ready for floor action before this fall’s midterm elections.

“As majority leader, I can set priorities. This is a priority for me,” Schumer said at an event with advocates for federal legalization of marijuana.

Schumer’s personal ...