U.S. Sen. Cory Booker, who has long pushed to declassify marijuana, joined other members of Congress Wednesday in introducing the Cannabis Administration and Opportunity Act. This follows reports Tuesday that the Biden administration is considering reclassifying marijuana as a less dangerous drug, easing restrictions nationwide.
Federal reclassification of marijuana “would be an important and historic step, the largest and most impactful piece of federal cannabis reform in history,” said Adam Goers, senior vice president of corporate affairs for the Cannabist Company, which has two dispensaries in New Jersey. The change would mean cannabis operators would “be able to take deductions and also it will be a much more viable industry to get investment,” Goers said.
Chris Goldstein, regional organizer for the National Organization for the Reform of Marijuana Laws, said reclassification “would equalize cannabis alongside alcohol and tobacco.”
“If or when the announcement comes from the Drug Enforcement Administration, we look forward to facilitating conversations with cannabis business operators and consumers in New Jersey,” Jeff Brown, executive director of the New Jersey Cannabis Regulatory Commission, said in a statement.
