Cannabis Administration and Opportunity Act

The Cannabis Administration and Opportunity Act fundamentally changes federal law by removing marijuana from the Controlled Substances Act, effectively decriminalizing it at the federal level and allowing states to regulate their own cannabis markets without federal interference. To manage this new landscape, the bill creates a new federal agency called the Alcohol, Tobacco, and Cannabis Tax and Trade Bureau to oversee licensing, collect taxes, and prevent illicit trade, while also establishing a new Center for Cannabis Products within the FDA to regulate safety and labeling. The legislation includes significant restorative justice measures, such as automatically expunging federal cannabis convictions and prohibiting discrimination against individuals with such records in areas like immigration, security clearances, and access to federal benefits. Additionally, the bill provides billions of dollars in funding to support research into the health effects of cannabis, expand access to financial services for legitimate cannabis businesses, and assist communities and individuals harmed by past prohibition enforcement.