Senate Democrats Put Legalizing Marijuana on Legislative Agenda

Senate Majority Leader Chuck Schumer, Finance Chairman Ron Wyden and New Jersey Senator Cory Booker will release a discussion draft of theirmarijuana legalization bill at a press conference Wednesday, according to a person familiar with their plans.

The bill will be called the Cannabis Administration and Opportunity Act and is expected to remove marijuana from the federal list of controlled substances. The bill would also tax and regulate marijuana on the federal level, while leaving states able to enforce their own laws regarding the drug.

The senators’ proposal goes beyond mere decriminalization, which President Joe Biden said he ...