Cantor Fitzgerald analyst Pablo Zuanic doubts that the Cannabis Administration And Opportunity Act (CAOA) will get the 60 votes it needs in the Senate in order to pass due to Republican opposition.
The CAOA, which has been finally introduced, would decriminalize and deschedule cannabis on the federal level as well as promote social equity. The nearly 300-page bill was unveiled on Thursday, a year following the introduction of its outline.
