Weeks after the long-awaited marijuana decriminalization Senate bill was presented, it has faced a lot of criticism, mostly for its complexity. Many industry experts, such as Cantor Fitzgerald’s Pablo Zuanic and Emily Paxhia, co-founder of one of the longest-running dedicated cannabis investment funds, Poseidon Asset Management agree that the chances of the bill passing the Senate are slim. The bill is called the Cannabis Administration And Opportunity Act (CAOA).
“There is too much packed into CAOA for this to get through, this was a Hail Mary bill put forth by Schumer and the supporting democrats,” Paxhia recently told Benzinga.
