Senate Leaders Say They’ll Prioritize Small Marijuana Businesses
Senate Majority Leader Chuck Schumer (D-NY) has vowed not allow large corporations to take over the American cannabis industry the way they have big tobacco and alcohol.
Schumer, along with Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ), say the Senate’s bill to legalize marijuana will contain a provision that prioritizes mom and pop businesses.
California is a good example of what happens when small businesses face unfair competition in the marijuana market. High taxes and fees, restrictive zoning, bureaucratic complexities, and the absence of barriers on large-scale farms made it difficult for small businesses to compete after the passage of Prop 64. The result, state data shows, is a marijuana industry dominated by large corporations.