In July, Sen.Chuck Schumer presented a new proposal for comprehensive cannabis reform. The Cannabis Administration and Opportunity Act (CAOA) would expunge federal non-violent cannabis convictions crimes, reinvest federal cannabis tax revenue into communities, end the federal prohibition of cannabis, and allow states to continue to determine their own cannabis laws. But is this path to legalization good for the cannabis industry?
In this video we dive into the details, offer our thoughts, assess the likelihood of this bill becoming law.
Topics discussed include:
+ Breakdown key sections of the CAOA
+ Offer our thoughts on the bills strengths and weaknesses
+ Assess the current likelihood of becoming law
+ Help cannabis operators plan for federal legalization
+ And much more…
To schedule a consultation to see how our cannabis CPAs and advisors can help your cannabis business grow, call 1-800-674-9050 or visit us at www.greengrowthcpas.com/get-started
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