On Thursday, Chuck Schumer (the Senate Majority Leader) said that a reform to legalize cannabis across the state (that high-ranking senators are crafting) would seek to restrict big tobacco and alcohol firms’ capacity from outpacing the sector.
Instead, it’ll focus on small ventures, especially those owned by individuals from regions hardest hit by prohibition, and prioritize justice and freedom.
Ron Wyden (Senate Finance Committee Chairman) and Senator Cory Booker joined Schumer for a short discussion about drafting a comprehensive policy change. The three discussed the ills of marijuana illegalization, the federal-tier legalization measure, and the economic benefits of regulating cannabis commodities.
This arrives the same day when a reform to protect financial institutions (that fund cannabis investments from being subject to state regulators’ penalties) was re-launched in the House.
Schumer said that they don’t want large tobacco and alcohol companies to take advantage of the sector. He added their legislation would ensure small ventures and businesses in colored communities will get a bigger slice of the cake since black and brown communities have suffered from marijuana prohibition for several years.
Although the proposed legislation hasn’t been introduced yet, the Majority leader said it’d be submitted soon, and they must get it done.
Schumer also encouraged voters to call out their congressional officials and inform them that the marijuana issue is overdue and it’s a matter of justice and freedom.
That was the discussion’s point of focus, with Cory insisting that authorization revolves around restorative justice. He cited information that 2019 exhibited more arrests for marijuana-related offenses, particularly for possession alone.
The senator pointed out that marijuana criminalization is not a fight against drugs; it’s a fight against certain people. Adding that veterans are arrested disproportionately for marijuana possession; low-income individuals arrested disproportionately; mentally-ill people disproportionately arrested, and communities of color are targeted.