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home / news releases / MSOS - Will Schumer's new marijuana legalization bill fare better this time? Probably not


MSOS - Will Schumer's new marijuana legalization bill fare better this time? Probably not

Senate Majority Leader Chuck Schumer (N.Y.) said he is planning to introduce legislation that would legalize cannabis on the federal level in April. "We need to bring the spirit of New York’s groundbreaking legalization and address the wrongs of the War on Drugs," Schumer wrote in a Twitter post. On Friday, Schumer held a press conference where he was joined by members of New York's Democratic congressional delegation, including Rep. Jerrold Nadler, chairman of the House Judiciary Committee, and Rep. Nydia Velazquez. Nadler has his own legalization bill that passed in his committee last year. "In the coming weeks, we’re ramping up our outreach — and we expect to introduce final legislation. Our goal is to do it in April," Schumer said, according to Marijuana Moment. "Then we begin the nationwide push, spearheaded by New York, to get the federal law done. As majority leader, I can set priorities. This

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Will Schumer's new marijuana legalization bill fare better this time? Probably not
Stock Information

Company Name: AdvisorShares Trust Pure US Cannabis
Stock Symbol: MSOS
Market: NYSE

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